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Seco Tools develops and produces tools for metalwork.

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Delisting of Seco Tools

NASDAQ OMX Stockholm has accepted Seco Tools AB’s application for delisting and decided that the last day of trading in Seco Tools’ class B shares on NASDAQ OMX Stockholm will be Friday, 2 March 2012. As previously announced, Sandvik AB has requested a squeeze-out of the Seco Tools shares that are not held by Sandvik (including subsidiaries). Fagersta, 6 February 2012Seco Tools Aktiebolag For further information, please contact:Lars Bergström, CEOTelephone: +46 (0) 223 401 10 Seco Tools Aktiebolag announces the information set out in this press release pursuant to the

SECO TOOLS AB Year-end report 2011 and interim report for the fourth quarter

Improved sales and higher earnings · Revenue for the quarter increased 19 per cent at fixed exchange rates and 17 per cent in SEK and amounted to SEK 1,850 M (1,577). · Operating profit for the fourth quarter rose 15 per cent to SEK 370 M (322), corresponding to an operating margin of 20.0 per cent (20.4). · Revenue for the full year increased 27 per cent at fixed exchange rates and amounted to SEK 7,043 M (5,858). · Operating profit totalled SEK 1,408 M (1,098), corresponding to an operating margin of 20.0 per cent (18.7). · Profit after tax for the full year was SEK 954 M

New Senior Vice President - Group Sales and Marketing

Hans Hellgren, 48 years old, has been appointed Senior Vice President Group Sales & Marketing and member of the Group Executive Management of Seco Tools effective 1 April. Hans Hellgren, currently President of CA Östbergs, has a long and distinguished background in various parts of the Seco Tools Group.“I am pleased to announce that Hans Hellgren is returning to the Seco family. He is a highly valued leader and over the years he has proven his knowledge and understanding of our customers’ needs and challenges,” says Lars Bergström, President and CEO of Seco Tools. Hans Hellgren will

SVP HR Peter Damberg leaves Seco Tools

After five years as Senior Vice President HR, and member of the Group Management Team of Seco Tools, Peter Damberg has accepted to assume the position as Vice President Human Resources Sandvik Venture effective 16 April 2012. Peter Damberg will remain in his current position until end of March. “Peters main contribution has been to structure and globalize strategic HR, and by that securing strong leverage within fields such as Leadership, Talent, Succession, Performance management and Mobility. I would like to thank Peter for his excellent work, and wish him all the best in his new

Interim report January – September 2011

Improved sales and higher earnings*  Revenue for the quarter increased 24 per cent at fixed exchange rates and 19 per cent in SEK amounting to SEK 1,696 M (1,426).*  Operating profit for the third quarter rose 21 per cent to SEK 297 M (245), corresponding to an operating margin of 17.5 per cent (17.2).*  The interim period’s profit after tax was SEK 718 M (522).*  Earnings per share for the interim period amounted to SEK 4.94 (3.59).*  Record-large product launches in conjunction with EMO trade fair in Germany, including the unveiling of the new milling tool Minimaster® Plus.

Nominating Committee for Annual General Meeting on 27 April 2012.

At Seco Tools´s Annual General Meeting on 3 May 2011, it was resolved that the company shall have a Nominating Committee consisting of the Board Chairman (who acts as convener) and one representative for each of the four principal shareholders. At the time of the formation of the Nominating Committee, the ownership conditions shall determine which shareholders are the principal shareholders based on the information received from Euroclear Sweden AB on the last banking day in August 2011. The composition of the Nominating Committee shall be made public as soon as the members have been

Interim report January – June 2011

Record earnings and substantially improved sales *  Revenue for the quarter increased 31 per cent at fixed exchange rates and 19 per cent in SEK to the record level of SEK 1,775 M (1,485).*  Operating profit for the second quarter rose 25 per cent to SEK 389 M (311), corresponding to an operating margin of 21.9 per cent (20.9).*  The interim period’s profit after tax was SEK 520 M (358).*  Earnings per share for the quarter were the highest ever posted and amounted to SEK 1.89 (1.46). Earnings per share were 3.57 (2.46) for the six-month period.*  Investments in emerging markets

NEW SENIOR VICE PRESIDENT PROCESS AND IT AT SECO TOOLS GROUP

Fredrik Carpenhall has been appointed as Senior Vice President Process and IT and member of the Group Executive Management of Seco Tools Group and will take up his new duties on 7 May 2011. Fredrik Carpenhall is 44 and holds a masters’s degree in engineering from the Institute of Technology at Linköping University. Fredrik has longstanding experience from a number of management positions in ABB Group and has been active in both Sweden and Switzerland. He comes most recently from a post as Business IT Manager for the Low Voltage Products Division of ABB Sweden. Fagersta, 11 February

The nominating committee of Seco Tools AB’s proposal to the board ahead of the 2011 Annual General Meeting

The nominating committee of Seco Tools AB proposes re-election of Annika Bäremo, Stefan Erneholm, Staffan Jufors, Peter Larson, Carl-Erik Ridderstråle and Anders Ilstam and election of new board members Alrik Danielson and Lars Bergström. As Board Chairman, the nominating committee proposes re-election of Anders Ilstam. Jan-Erik Forsgren and Kai Wärn have declined re-election. Alrik Danielson, born in 1962, holds a master’s degree in economics. He is President and CEO of Höganäs AB and a member of the boards of the Swedish Steel Producers' Association, EFG European Furniture Group AB and

SECO TOOLS MAKES ACQUISITIONS IN THE USA

Seco Tools has signed an agreement to acquire the American companies NC Industries (NCI) and Diamond Tool Coating (DTC). NCI is a producer of solid carbide end mills under the Niagara Cutters and Arch Micro Tools brands and is among the largest local producers in the USA of these products. DTC is a producer of wear resistant diamond coatings. Most of the customers are found in the aircraft and power generation industries, as well as the general engineering industry. NCI and DTC have combined annual sales of around USD 37 million and 170 employees. The largest production unit is

LARS BERGSTRÖM NEW PRESIDENT AND CEO OF SECO TOOLS AB

Lars Bergström has been appointed new President and CEO of Seco Tools AB. He will take up his new position in the first quarter of 2011.  Lars Bergström, 52 years old, holds a Master of Science in Engineering from the Royal Institute of Technology in Stockholm and an MBA from Uppsala University. Lars has a long experience from the Swedish engineering industry, and today holds the position as President and CEO of listed BE Group AB. Lars was previously for instance President and CEO of Karoline Machine Tools (KMT) and held several leading positions within the ABB Group.  Fagersta, 8

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