New President of Sandvik Hard Materials

Tom Erixon has been appointed President of Sandvik Hard Materials and a
member of the Sandvik Tooling Management Team as of 1 October, 2003.

Sven Flodmark resumes from the same date a new position in business
development for Sandvik Tooling and remains a member of the Sandvik
Tooling Management Team.

Peter Larson will assume the responsibility as CIO parallel to his tasks
as CFO. He will thereby become chairman of the board of Sandvik Systems
Development and Sandvik Information Technology.

Sandviken, 10 September 2003

For additional information please contact Anders Thelin, President of
Sandvik Tooling Business Area, + 46 26 26 63 84.

Sandvik is a high-technology engineering group with advanced products
and world-leading positions in selected areas - tools for metalworking,
machinery and tools for rock excavation, stainless steel, special alloys
and resistance heating materials and process systems. The Group
has 37,000 employees in 130 countries, with annual sales of
approximately SEK 50,000 M.