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Sandvik Aktiebolaget (SDF)

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Wednesday 05 June, 2002

Sandvik Aktiebolaget

Expired tax claim

Expired tax claim

Sandvik has today received a decision from the Swedish Tax Authority
regarding taxation for 1987. Since the statutory time limit for pursuing
this matter has expired, the Tax Authority no longer has any tax claim
on Sandvik.

Accordingly, this will have a positive effect of approximately SEK 120 M
on Sandvik's net earnings for 2002.

Sandviken, 5 June, 2002

Sandvik AB; (publ)

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