SANDVIK AB - Report on the second quarter 2003

* Profit after financial items: SEK 1,191 M. Currency effect,
  negative SEK 180 M
* Invoicing: SEK 12,330 M, +4% at fixed exchange rates for
  comparable units
* Order intake: SEK 12,410 M, +2% at fixed exchange rates for
  comparable units
* Cash flow before investments: SEK 1,119 M
* Earnings per share: SEK 3.60 in the quarter

For further information visit www.sandvik.com

Sandvik AB
SE-811 81 Sandviken
+46 (0)26-26 00 00
www.sandvik.com
Corp.reg.nr: 556000-3468