Sandvik: Interim Report First Quarter 2010

Regulatory News:

Sandvik (STO:SAND):

CONTINUED RECOVERY

• Order intake SEK 22,270 M
• Invoiced sales SEK 18,534 M
• Operating profit SEK 1,897 M
• Operating margin 10.2%
• Cash flow SEK +2,287 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 Sandvik Group's interim report for the second quarter 2010 will be published on 20 July 2010. Additional information may be obtained from Jan Lissåker, Sandvik Investor Relations at

tel. +46 26 26 10 23 or Magnus Larsson at tel +46 26 26 09 37 or by e-mailing info.ir@sandvik.com.

A teleconference will be held on 4 May at 14.00 CET. Information available at www.sandvik.com/ir.

Sandviken 4 May 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 4 May 2010 at 12.00 CET.

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