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Sandvik Aktiebolaget (SDF)

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Tuesday 10 December, 2002

Sandvik Aktiebolaget

Offer for shares outstanding in Walter extended

Offer for shares outstanding in Walter extended

Sandvik has decided that the public offer to the other shareholders in
German Walter AG will no longer be conditional on Sandvik achieving
ownership exceeding 95 percent. As a result of the change, the offer is
extended through 27 December 2002.

Sandviken, 10 December 2002

Sandvik AB; (publ)

For further information, contact Peter Larson, Executive Vice President
and CFO, Sandvik AB, +46 26 26 10 61.

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 55,000 M.

                                                                                                                                                                               

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