SECO TOOLS CONTINUES EXPANSION IN CENTRAL AND EASTERN EUROPE

Seco Tools is one of the world’s leading manufacturers of carbide metalworking tools. The Group’s strategy includes an offensive focus on geographical markets offering particularly good potential for growth.

In line with this ambition, on 20 December Seco Tools announced that it had signed an agreement to acquire 100 per cent of the shares in the tool manufacturer ALG based in Moscow, Russia. The acquisition was completed on 5 May 2008.

As a platform for building closer and deeper partnerships with customers in Central and Eastern Europe, Seco Tools has in the past few months opened Technology Centers in Hungary and Poland that offer services such as technical advice and customer training.

In addition, new subsidiaries have been established in Russia and Ukraine to strengthen the company’s presence close to customers in these fast-growing markets. An additional subsidiary is being formed in Serbia for the same reason.

Fagersta, 6 May 2008

SECO TOOLS AB; (publ)


The information contained herein is subject to the disclosure requirements of Seco Tools AB under the Swedish Securities Market Act. This information was submitted for publication on 6 May 2008, 3.00 p.m. CET.

For additional information, contact Kai Wärn, President and CEO, tel +46 (0) 223-401 10 or Patrik Johnson, CFO, tel +46 (0)223-401 20. E-mail can be sent to investor.relations@secotools.com

Previously published information can be found under the heading “Investor Relations & Corporate Governance” on Seco Tools’ website (www.secotools.com). Seco Tools AB’s corporate identification 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.