Corporate governance report

Corporate governance at Sandvik aims to ensure an efficient organization, clear allocation of responsibilities, transparency and solid management structures to promote stakeholder confidence and sustainable value creation.

Sandvik AB is a public company with its shares listed on Nasdaq Stockholm. Corporate governance within Sandvik is based on external rules such as the Swedish Companies Act, the Swedish Corporate Governance Code (the “Code”), and the Nasdaq Nordic Main Market Rulebook for Issuers of Shares, alongside internal rules such as the Articles of Association, the Board’s procedural guidelines and the company’s policies and procedures. Our corporate governance framework, The Sandvik Way, implements these external and internal rules and sets out common principles and ways of working throughout the organization, as further described below.

The Code is available at corporategovernanceboard.se. In 2025, Sandvik applied the Code without any deviations from its regulations.

This corporate governance report has been prepared in accordance with the Swedish Annual Accounts Act and the Code, and has been reviewed by the company’s auditor. The report describes the company’s governance structure and organization, the Board’s duties and work, as well as internal control with regard to the company’s financial reporting.