Sandvik AB – Nomination Committee for the 2014 Annual General Meeting

  Sandvik AB – Nomination Committee for the 2014 Annual General Meeting

Business Wire

SANDVIKEN, Sweden -- September 26, 2013

Regulatory News:

On 2 May 2012, Sandvik AB’s (STO:SAND)Annual General Meeting adopted an
instruction regarding the appointment of the Nomination Committee, applicable
until the General Meeting resolves otherwise. Pursuant to this instruction the
company shall have a Nomination Committee comprising one representative for
each of the four principal shareholders in terms of votes, together with the
Chairman of the Board (convenor). In addition, the Nomination Committee has
the possibility to call in one co-opted member to the Nomination Committee
from the Board members if required. At the time of the formation of the
Nomination Committee, the ownership conditions shall determine which
shareholders are the principal shareholders in terms of votes based on the
information received from Euroclear Sweden AB on the last banking day in
August, whereby a group of shareholders shall be considered as one owner if
they have been organized as a group in the Euroclear system. The composition
of the Nomination Committee shall be announced publicly as soon as it has been
appointed. The Chairman of the Nomination Committee shall be the member
representing the largest shareholder in terms of votes. The term of the
Nomination Committee extends until the next Nomination Committee has been

The Nomination Committee shall prepare proposals for the 2014 Annual General
Meeting regarding the Chairman of the Meeting, the number of Board members,
fees to be paid to each of the Board members, the election of Board members
and Board Chairman and, if necessary, proposal of changes in the instruction
to the Nomination Committee.

The Nomination Committee has now been appointed and comprises the following

Anders Nyberg, AB Industrivärden, Chairman of the Nomination Committee

Håkan Sandberg, Handelsbanken AB, Handelsbanken’s Pension Foundation and
Handelsbanken’s Pension Fund

Kaj Thorén, Alecta Anders Oscarsson, AMF and AMF Fund

Anders Nyrén, Sandvik’s Chairman of the Board

Shareholders who wish to present proposals to the Nomination Committee for the
2014 Annual General Meeting can submit them to the Nomination Committee’s
secretary Bo Severin (Sandvik’s General Counsel) by post: Sandvik AB, Attn: Bo
Severin, P.O. Box 510, SE-101 30 Stockholm, Sweden, or by e-mail: In order for the Nomination Committee to be able to
consider submitted proposals in a constructive manner, these should be
submitted by 31 December 2013, at the latest.

Stockholm, 26 September, 2013 Sandvik AB

The Sandvik Group Sandvik is a global industrial group with advanced products
and world-leading positions in selected areas – tools for metal cutting,
equipment and tools for the mining and construction industries, stainless
materials, special alloys, metallic and ceramic resistance materials as well
as process systems. In 2012 the Group had about 49,000 employees and
representation in 130 countries.

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Pär Altan
VP External Communication
+46 8456 12 37
Magnus Larsson
VP Investor Relations
+46 26456 12 40
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