Nominating Committee ahead of the 2007 AGM

The 2006 Annual General Meeting of Seco Tools AB passed a resolution to appoint a Nominating Committee consisting of the Board Chairman and one representative for each of the four known largest shareholders. The Board Chairman shall act as Convener. The composition of the Nominating Committee for the 2007 board elections shall be announced as soon as the members have been appointed, although no later than six months prior to the AGM. The Nominating Committee shall be chaired by the member representing the largest shareholder. The Nominating Committee shall serve until the composition of the next Nominating Committee has been announced. No compensation shall be paid to members of the Nominating Committee. The responsibilities of the Nominating Committee are to put forward recommendations regarding election of the chairman of the AGM, the number of Board members, fees to Board members and auditors and election of Board members and the Board Chairman, as well as recommendations for the appointment of a Nominating Committee ahead of the 2008 AGM and its duties. The Company shall be responsible for all reasonable expenses associated with performance of the Nominating Committee’s duties. Based on Seco Tools AB’s ownership structure at 31 August 2006, the Nominating Committee head of the 2007 AGM consists of Lars Pettersson (Sandvik AB), Marianne Nilsson (Robur), Thor Martin (AMF Pension), Ramsay J. Brufer (Alecta Pensionsförsäkring) and Gunnar Björklund, Board Chairman. Lars Pettersson has been appointed Chairman of the Nominating Committee. Because Sandvik holds 60% of the share capital, corresponding to 89% of the votes in Seco Tools AB, a representative for Sandvik AB has been appointed to the Nominating Committee despite the fact that Sandvik conducts operations competing with Seco Tools AB through its business area Sandvik Tooling. However, no representative for Sandvik Tooling is included in the Nominating Committee, the Board of Directors or any other corporate governance body. Individual shareholders not represented in the Nominating Committee may submit proposals and suggestions to the Nominating Committee via the company by telephone +46 (0)223-401 21, by mail addressed to Seco Tools AB, Att: Barbro Forsell, SE-737 82 Fagersta, Sweden, or by e-mail addressed to barbro.forsell@secotools.com. Fagersta, Sweden, 27 September 2006 SECO TOOLS AB; (publ) Gunnar Björklund Board Chairman and Convener of the Nominating Committee