Sandvik Mining and Construction to divest units in the US

    Sandvik Mining and Construction to divest units in the US

Sandvik Mining and Construction has reached an agreement in principle to
divest two units in the US.

- EIMCO LLC, Bluefield, West Virginia, product line continuous
  coal-mining equipment, with annual sales of about SEK 400 M.
- The Chemical Products Division (CPD) within Sandvik MGT LLC,
  Bristol, Virginia. CPD produces Mine Bolt Resin, a chemical grouting
  material to secure ceiling bolts in mines, with annual sales of about
  SEK 100 M.

The buyers are DBT (Deutsche Bergbau-Technik) and Minova (USA) Inc.,
respectively.

Sandviken, 13 August 2003

Sandvik AB; (publ)

For additional information, contact Anders Ilstam, President of Sandvik
Mining and Construction, [phone].

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 as well as process and sorting systems.
The Group has 37,000 employees in 130 countries, with annual sales of
approximately SEK 50,000 M.

Sandvik Mining and Construction is a business area within the Sandvik
Group and a world-leading supplier of drilling and excavation machinery,
tools and service for the mining and construction industries. Annual
sales amount to SEK 14,000 M, with about 8,600 employees. Established
brands are Sandvik, Tamrock, Toro, Rammer, EJC, Voest-Alpine, Eimco,
Driltech, Roxon, Mission and Sandvik Smith etc.