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Sandvik: Nomination Committee selected
Sandvik AB
Port Pipe and Tube Inc
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Company: Sandvik AB, , United States
Attn: Press releases

In accordance with the decision at Sandvik AB's Annual General Meeting on 6 May 2004, the Nomination Committee comprises representatives of the four largest owners and the Chairman of the Board. The Chairman of the Board of Sandvik convenes the meeting of the Committee after which a Chairman of the Committee is elected.

The Nomination Committee's role is to submit proposals to the Annual
General Meeting with regard to determining the number of Board members and auditors, fees to the Board and auditors, and the election of the Board as well as the auditors in appropriate cases.

After coordination among the owners, the Nomination Committee comprises the following members:

Carl-Olof By, Industrivarden
Curt Kallstromer, Handelsbanken's Pension Foundation and Pension Fund
Sarah McPhee, AMF Pension
Marianne Nilsson, Robur
Clas Ake Hedstrom, Sandvik's Board Chairman.

The Annual General Meeting will be held in Sandviken on 3 May 2005.

Sandviken, 29 October 2004

Sandvik AB; (publ)


     Tel: +46-8-7930590   Fax: +46-8-7930529
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