Anders Ilstam, Executive Vice President, Sandvik AB, has chosen to exercise the possibility to retire at age 62 and is leaving his position on 1 July 2004. Ilstam has been employed by the company since 1993 and
during the period 1998-2003 was President of the Sandvik Mining and Construction business area. Peter Larson, Executive Vice President, Sandvik AB, and Chief Financial Officer, is leaving his position as CFO on 1 November 2004. In his role as Executive Vice President, Peter will be responsible for Business
Development and IT. Per Nordberg has been appointed Executive Vice President and CFO as of 1
November 2004.
