Sandvik Annual General Meeting 2009

SANDVIKEN, Sweden--(Business Wire)--
Regulatory News:

Sandvik AB`s (STO:SAND) Annual General Meeting, held in Sandviken on 28 April,
approved a dividend of SEK 3.15 per share for 2008. The record date for payment
of the dividend was set at Monday, 4 May. The dividend is expected to be sent to
shareholders by Euroclear Sweden AB on Thursday, 7 May.

In his address, Lars Pettersson, President and CEO, commented on fiscal 2008 and
on the company`s performance in the first quarter of 2009. The presentation
included a report on the dramatic market developments since the fourth quarter
of 2008, with the subsequent sharp decline in order intake for the Group. The
difficult and uncertain business situation remains and has resulted in robust
actions to adapt production capacity, cut costs through such measures as
personnel reductions, reduce new investments and improve cash flow. The
presentation also included a report on future business possibilities based on
the strengths of the company as well as new customer demands.

Board of Directors
Hanne de Mora, Georg Ehrnrooth, Fredrik Lundberg, Egil Myklebust, Anders Nyrén,
Lars Pettersson and Simon Thompson were re-elected as members of the Board, with
Clas Åke Hedström as Chairman of the Board.

The unions appointed Tomas Kärnström and Jan Kjellgren as members of the Board
and Mette Ramberg and Bo Westin as deputy members of the Board

Resolution regarding Nomination Committee
The Meeting resolved that the four largest shareholders known to the company on
the final banking day in August 2009 shall appoint one member each and these
persons and the Board Chairman, convener, shall comprise the Nomination
Committee.

Resolution on principles of remuneration and other employment conditions for
Group Executive Management
The Annual General Meeting voted to approve the Board`s proposal regarding
principles of remuneration, etc., for Group Executive Management.

Statutory meeting of the Board of Directors
A statutory meeting of the Board of Directors was held following the Annual
General Meeting. Anders Nyrén was appointed Vice Chairman. The Audit Committee
comprises Anders Nyrén, Chairman, and Hanne de Mora. The Remuneration Committee
comprises Clas Åke Hedström, Georg Ehrnrooth and Egil Myklebust.

Wilhelm Haglund Medal
Thomas Galler and Gerhard Reiter, Sandvik Mining and Construction, were named
Product Developers of the Year and were awarded the Wilhelm Haglund Medal for
the development of the Sandvik MB 600 Bolter Miner, which is a product that
offers enhanced performance, operational reliability and ergonomics. The product
is protected by eight patents.

Sandviken, 28 April 2009

Sandvik Aktiebolag (publ)

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Sandvik AB
Jan Lissåker, Vice President Investor Relations
+46 26 26 10 23

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