New Head of Human Resources at Sandvik AB

Carina Malmgren Heander has been appointed Senior Vice President Human
Resources and member of Group Executive Management at Sandvik AB. The
appointment becomes effective from 1 October 2003.

Carina Malmgren Heander, MBA, is currently Vice President Human
Resources within ABB AB. Carina has been employed by ABB since 1989 and
has extensive experience from various executive positions. She will
succeed Rune Nyberg, who has left the Group to assume the position of
Senior Vice President Human Resources within Telia Sonera, starting on 1
June 2003.

Sandviken, 10 June 2003

Sandvik AB (publ)
For additional information, call +46-26-26 10 01