At the Extraordinary General Meeting of Sandvik, it was resolved to authorize the board of directors to issue new shares. Consequently, the condition for the public offer to the minority shareholders of Seco Tools is satisfied and the offer will be completed. The general meeting also resolved to change the registered office of the board of directors from Sandviken to Stockholm.

The extraordinary general meeting resolved, in accordance with the board of directors' proposal, to authorize the board of directors to resolve, on one or more occasions until March 31st 2012, to issue no more than 69,195,888 new shares in the company as consideration for Sandvik's acquisition of shares in Seco Tools AB under the public offer announced on November 7th 2011.

The authorization is thus limited to issues of shares against contribution in kind of Seco Tools shares. The General Meeting also resolved, in accordance with the board of directors' proposal, that the Articles of Association be changed to the effect that the registered office of the Board be changed from Sandviken to Stockholm.

As a result of the General Meeting's resolution on an authorization for the Board of Director to issue shares, the condition for the public offer to the minority shareholders of Seco Tools is satisfied and the offer will be completed.