STOCKHOLM–(Business Wire)–
Sandvik (STO:SAND):

CONTINUED RECOVERY

· Order intake SEK 23,179 M
· Invoiced sales SEK 20,603 M
· Operating profit SEK 3,471 M
· Operating margin 16.8%
· Cash flow from operations SEK +2,626 M

Accounting policies

This interim report was prepared in accordance with IFRS, applying IAS 34,
Interim Financial Reporting. The same accounting and valuation policies were
applied as in the most recent annual report. New standards and interpretations
effective from 1 January 2010 have not had any significant impact on Sandvik`s
financial statements.

The phrase “Minority interest” has been changed in the financial statements to
the new designation “Non-controlling interest” according to revised IFRS 3
Business Combinations and amended IAS 27 Consolidated and Separate Financial
Statements.

The company’s auditors have not conducted a special review of the Q2 2010
report. The Sandvik Group`s interim report for the third quarter 2010 will be
published on 29 October 2010.

A combined presentation and teleconference will be held on 20 July 2010 at 14.00
CET at Operraterassen in Stockholm. Information is available at
www.sandvik.com/ir.

Sandviken 20 July 2010

Sandvik Aktiebolag (publ)

Lars Pettersson

President and CEO

Sandvik discloses the information provided herein pursuant to the Securities
Market Act. The information is submitted for publication on 20 July 2010 at
08.00 am CET.

This information was brought to you by Cision http://www.cisionwire.com

Sandvik
Jan Lissåker, Investor Relations
tel. +46 26 26 10 23
e-mail info.ir@sandvik.com

Copyright Business Wire 2010