Changed global manufacturing structure

In order to further strengthen the global competitiveness of Seco Tools products and services, the number of global production units for cemented carbide products will be reduced while at the same time the capability to serve local demand for specific customer designed tooling will be reinforced. A decision has been made to discontinue the carbide manufacturing in Warren, US, by mid 2006. The change will affect up to 100 people. The global production will principally be concentrated to the carbide plants in Czechia and Sweden. Administrative and warehousing units presently located in Warren will continue to operate from the Warren facility. Steel Tooling manufacture for NAFTA will remain unchanged in Lenoir City, Tennessee. “2005 was a record year for Seco Carboloy in NAFTA, which we view as a key growth region for the Seco Tools Group. A further increase of Seco Carboloy’s support capability to serve customer requirements while at the same time utilizing state of the art global production technology is imperative for further strengthening our market position” says CEO Kai Wärn. Fagersta, Sweden, April 10, 2006 SECO TOOLS AB; (publ) Kai Wärn President and CEO ---------------------------- For additional information contact Kai Wärn, President & CEO, telephone +46 (0)223-401 10, Tomas Eliasson, CFO, telephone +46 (0)223-401 20 or Bruce Belden, President of Seco Carboloy, telephone +1-586-497 5001. E-mail can be sent to investor.relations@secotools.com Previously published information can be found under the heading "Investor Relations" on Seco Tools’ website (www.secotools.com). Seco Tools AB’s corporate registration number is 556071-1060 and the company’s address is Seco Tools AB, SE-737 82 Fagersta, Sweden. The telephone number to the group head office is +46 (0)223-400 00.