Sandvik's Special General Meeting on 18 Dec. 2000

Sandvik's Special General Meeting on 18 December 2000 As previously announced, the Sandvik Board of Directors' proposal regarding the intra-Group transfer of Sandvik Invest AB from Sandvik AB to Sandvik Finance B.V. will be available to shareholders as of 8 December 2000. The Board's proposal also covers the transfer of CTT Cutting Tool Technology B.V. from Sandvik AB to Sandvik Finance B.V. In total, these intra-Group transfers will mean that approximately SEK 9,450 million of retained earnings within the Sandvik Group will be credited to the Parent Company. The consolidated income statement and balance sheet will not be affected. Sandviken, 8 December 2000 Sandvik AB; (publ) Board of Directors For further information, contact Peter Larson, Executive Vice President, Sandvik AB Tel: +46 26 26 10 60. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/08/20001208BIT00060/bit0001.doc http://www.bit.se/bitonline/2000/12/08/20001208BIT00060/bit0002.pdf