G34 Events after the end of the period

On January 18, 2023, Sandvik signed a EUR 500 million loan agreement with the European Investment Bank (EIB). The loan will support Sandvik’s investments in research and development (R&D), which include advanced solutions in component manufacturing as well as solutions for electrification and automation in mining and infrastructure. The loan has a seven-year tenor and will support Sandvik’s R&D investment plans until 2025.

On February 1, Sandvik announced the completion of the acquisition of Polymathian Industrial Mathematics (“Polymathian”), an Australia-based provider of advanced mine optimization software and services.

On February 1, Sandvik announced the acquisition of 95 percent of the shares in the Irish based company PMT Premier Machine Tools Limited (“PMT”).

On February 11, Sandvik announced that Christophe Sut, President of Business Area segment Sandvik Manufacturing Solutions, has decided to leave Sandvik. He will leave Sandvik as of August 11, 2023.

On February 21. Sandvik announced the appointment of Sofia Sirvell as Chief Digital Officer (CDO) for the Sandvik Group and new member of the Group Executive Management as of March 1, 2023. Additionally, Jessica Alm, Executive Vice President and Head of Group Communications and Sustainability, has decided to leave Sandvik. She has been in her current position and a member of the Group Executive Management since 2013. She will leave Sandvik and the Group Executive Management no later than August, 2023.