Sandvik AB http://www.alacrastore.com/company-snapshot/Sandvik_AB-1014779 Saturday, August 30, 2008 4:56:26 AM 1014779 Sandvik AB en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/661021spcred/661021normThe latest Summary from S&Pglobal7/23/2008 10:25:00 AM175Summary661021SwedenIndustrial MachineryEurope, Middle East, AfricaGlobal IssuersCorporationsCapital GoodsBuilding MaterialsSummaryThe ratings on Sweden-based tool and mining equipment manufacturer Sandvik AB reflect the company's strong business risk profile, based on its world-leading position as a cemented-carbide tool supplier to the metalworking industry, as well as strong positions in other niches, such as tooling systems for metalworking applications, products for rock-excavation operations, and special steel products. Good pricing power, high operating efficiency and flexibility, and good geographic and customer segment diversity further support the ratings. The ratings also take into account exposure to cyclical demand and susceptibility to raw material price fluctuations. High demand growth, continued focus on high-value-added products, high capacity utilization across most businesses, and internal efficiency improvements underpin performance, but raw material price developments (primarily nickel) have weighedSWE80021220106020 201060 2010 20Sandvik AB117363EUROMIDAFRSAND@SSSUMMARYGLOBISSCORPCapitalBuildingCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1895182ccbn/T1895182norm... - Sandvik AB - VP IR Thank you [Per Erik]. Very welcome all of you. I'm Jan Lissaker, Head of Investor Relations at Sandvik. Very welcome to this presentation on the second quarter result. I think we have some people coming in all around. I hope that we have a good connection also to the international audience, thank you. ... 7/18/2008 3:06:00 PMSandvik AB54.0000FinalQ2 2008 Sandvik AB Earnings Conference Call TranscriptSAND.ST1:00pm CETTranscriptT1895182Credit & Investment ResearchThomson Street EventsUS - Sandvik Tooling agreed to acquire a ##% stake interest in PreCorp Inc, manufacturer of polycrystalline diamond and carbide tools. Terms were not disclosed.6/18/2008 2:50:15 PM80022F75480R80021275480RSandvik ToolingPreCorp IncSandvik ABPreCorp Inchttp://www.alacrastore.com/storecontent/Thomson_M%26A/Sandvik_Tooling_acquires_a_minority_stake_in_PreCorp_Inc-1987424020sdc/19874240201987424020Copyright © 2008, Thomson Financial, All Rights ReservedMetal and Metal ProductsSwedenHand and edge tools, except machine tools and saws3423FFForeignSubsidiary3423:Hand and edge tools, except machine tools and saws3541:Machine tools, metal cutting types5084:Industrial machinery and equipment3339:Primary nonferrous metals, except copper, aluminum3425:Saw blades and handsaws3532:Mining machinery and equipment, except oil and gas3535:Conveyors and conveying equipment3541:Machine tools, metal cutting types3823:Process control instrumentsMiningUnited StatesMiscellaneous nonmetallic minerals, except fuels1499UTUtahPrivate722721001Mnfr tools,mining equipMnfr diamond,toolsUnspecifiedStock1023111001Jun 18 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000Sandvik Tooling, located inSandviken, Sweden,manufactures and wholesalesmetal tools and toolingsystems for metal cutting.Sandvik Tooling, located in Sandviken, Sweden, manufacturesand wholesales metal tools and tooling systems for metalcutting.Sandvik Tooling, located in Sandviken, Sweden, manufactures and wholesales metal tools and tooling systems for metal cutting.1.000002.000003.000004.000005.000006.000007.00000PreCorp Inc, headquartered inSpanish Fork, Utah,manufactures polycrystallinediamond {PCD} and carbidetools such as drills, reamer,end mills, port tools andmicro tools. Founded in 1986.PreCorp Inc, headquartered in Spanish Fork, Utah,manufactures polycrystalline diamond {PCD} and carbide toolssuch as drills, reamer, end mills, port tools and microtools. Founded in 1986.PreCorp Inc, headquartered in Spanish Fork, Utah, manufactures polycrystalline diamond {PCD} and carbide tools such as drills, reamer, end mills, port tools and micro tools. Founded in 1986.0.000000.000000.000000.00000Y16 Jun 08Mon, 16 Jun 2008 00:00:00 ESTDate Announced: 06/16/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000049.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000US - Sandvik Tooling agreed toacquire a 49% stake interestin PreCorp Inc, manufacturerof polycrystalline diamond andcarbide tools. Terms were notdisclosed.US - Sandvik Tooling agreed to acquire a 49% stake interest in PreCorp Inc, manufacturer of polycrystalline diamond and carbide tools. Terms were not disclosed.US - Sandvik Tooling agreed to acquire a 49% stake interest in PreCorp Inc, manufacturerof polycrystalline diamond and carbide tools. Terms were not disclosed.US - Sandvik Tooling agreed to acquire a 49% stake interest in PreCorp Inc, manufacturer of polycrystalline diamond and carbide tools. Terms were not disclosed.US - Sandvik Tooling agreed to acquire a 49% stake interest in PreCorp Inc, manufacturer of polycrystalline diamond and carbide tools.Terms were not disclosed.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001499:Miscellaneous nonmetallic minerals, except fuels3532:Mining machinery and equipment, except oil and gas3545:Cutting tools and machine tool accessories5303001StockholmSweden3541ForeignPublicSAND1499:Miscellaneous nonmetallic minerals, except fuels3532:Mining machinery and equipment, except oil and gas3545:Cutting tools and machine tool accessories1023111001United States1499UtahPrivate0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/649826spcred/649826normThe latest Full Report from S&Pglobal5/22/2008 12:56:27 PM400Full Report649826SwedenIndustrial MachineryEurope, Middle East, AfricaGlobal IssuersCorporationsCapital GoodsBuilding MaterialsFull ReportWorld-leading position in core businesses High-quality products and technological leadership Diversified production and sales, including an increasing share of service and aftermarket sales Strong funds from operations and modest capital expenditure needs Exposure to cyclical demand for products Exposure to raw material price fluctuations Relatively high debt levels The ratings on Sweden-based tool and mining equipment manufacturer Sandvik AB reflect the company's strong business risk profile, based on its world-leading position as a cemented-carbide tool supplier to the metalworking industry, as well as strong positions in other niches, such as tooling systems for metalworking applications, products for rock-excavation operations, and special steel products. Good pricing power, high operating efficiency and flexibility, and good geographical and customer segment diversification further supportSWE80021220106020 201060 2010 20Sandvik AB117363EUROMIDAFRSAND@SSFULLGLOBISSCORPCapitalBuildingCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/649829spcred/649829normThe latest Summary from S&Pglobal5/22/2008 12:56:27 PM175Summary649829SwedenIndustrial MachineryEurope, Middle East, AfricaGlobal IssuersCorporationsCapital GoodsBuilding MaterialsSummaryThe ratings on Sweden-based tool and mining equipment manufacturer Sandvik AB reflect the company's strong business risk profile, based on its world-leading position as a cemented-carbide tool supplier to the metalworking industry, as well as strong positions in other niches, such as tooling systems for metalworking applications, products for rock-excavation operations, and special steel products. Good pricing power, high operating efficiency and flexibility, and good geographical and customer segment diversification further support the ratings. The ratings also take into account exposure to cyclical demand and susceptibility to raw material price fluctuations. High demand growth, continued focus on high-value-added products, high capacity utilization across most businesses, and internal efficiency improvements underpin performance, but raw material price developments (primarily nickel) have weighedSWE80021220106020 201060 2010 20Sandvik AB117363EUROMIDAFRSAND@SSSUMMARYGLOBISSCORPCapitalBuildingCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/649272spcred/649272normThe latest News from S&Pglobal5/20/2008 10:26:23 AM100News649272SwedenIndustrial MachineryEurope, Middle East, AfricaGlobal IssuersCorporationsBuilding MaterialsCapital GoodsNewsLONDON (Standard&Poor's) May 20, 2008--Standard&Poor's Ratings Services said today it lowered to 'A' from 'A+' its long-term corporate credit rating on Sweden-based tool and mining equipment manufacturer Sandvik AB, reflecting an adjustment in its view of Sandvik's financial risk profile. The rating was removed from CreditWatch, where it had been placed with negative implications on April 22, 2008. The outlook is stable. At the same time, the 'A-1' short-term corporate credit rating on Sandvik and the 'K-1' Nordic national scale rating on the Sandvik Treasury AB Swedish commercial paper program were affirmed. "The downgrade indicates that Sandvik's financial risk profile, although still modest, is now more in line with an 'A' rating," said Standard&Poor'sSWE80021220106020 201060 2010 20Sandvik AB117363EUROMIDAFRSAND@SSNEWSGLOBISSCORPBuildingCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/649273spcred/649273normThe latest Research Update from S&Pglobal5/20/2008 10:26:23 AM175Research Update649273SwedenIndustrial MachineryEurope, Middle East, AfricaGlobal IssuersCorporationsCapital GoodsBuilding MaterialsResearch UpdateOn May 20, 2008, Standard&Poor's Ratings Services lowered to 'A' from 'A+' its long-term corporate credit rating on Sweden-based tool and mining equipment manufacturer Sandvik AB, reflecting an adjustment in its view of Sandvik's financial risk profile. The rating was removed from CreditWatch, where it had been placed with negative implications on April 22, 2008. The outlook is stable. At the same time, the 'A-1' short-term corporate credit rating on Sandvik and the 'K-1' Nordic national scale rating on the Sandvik Treasury AB Swedish commercial paper program were affirmed. The downgrade indicates that Sandvik's financial risk profile, although still modest, is now more in line with an 'A' rating. This follows the company's change to a higher financialSWE80021220106020 201060 2010 20Sandvik AB117363EUROMIDAFRSAND@SSRESUPDSWE20106010 201060 2010 20Sandvik Treasury AB382418EUROMIDAFRGLOBISSCORPCapitalBuildingCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/bir/59bir/59normSandvik ABJKB Medical TechnologiesSandvik GroupSwedenManufacturing: Cemented-carbide products, specialty steels, saws and other tools, steel-belt conveyors and processing systems.28193316342567193251313312213322135511129IMSDVKY5/10/2008 6:15:00 AM59Company Profiles & FinancialsGale Company ProfilesUK - Sandvik AB acquired Eurocut Ltd, a Sheffield-based manufacturer of medical devices and equipments, from Semes Ltd.5/7/2008 2:12:42 PM80021230000A80021258541KSandvik ABEurocut LtdSandvik ABMedical House PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Sandvik_AB_acquires_Eurocut_Ltd_from_Medical_House_PLC-1975164040sdc/19751640401975164040Copyright © 2008, Thomson Financial, All Rights ReservedStockholmMachinerySwedenMachine tools, metal cutting types3541FFForeignPublicSAND3339:Primary nonferrous metals, except copper, aluminum3425:Saw blades and handsaws3532:Mining machinery and equipment, except oil and gas3535:Conveyors and conveying equipment3541:Machine tools, metal cutting types3823:Process control instruments3339:Primary nonferrous metals, except copper, aluminum3425:Saw blades and handsaws3532:Mining machinery and equipment, except oil and gas3535:Conveyors and conveying equipment3541:Machine tools, metal cutting types3823:Process control instrumentsMeasuring, Medical, Photo Equipment; ClocksUnited KingdomOrthopedic, prosthetic, and surgical supplies3842FFForeignSubsidiary5303001Mnfr tools,mining equipMnfr medical devices,equipUnspecifiedAssets541401001May 7 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.00000Sandvik AB is a manufacturerof tools, mining andconstruction equipment andsteel products, headquarteredin Sandviken, Sweden. Thecompany manufactures productssuch as tools and toolingsystems for metal cutting,blanks, components in cementedcarbide, special machinery,cemented-carbide tools,services for excavation ofrock and materials in miningand construction industry,special alloys and resistanceheating materials. The companywas founded in 1862.Sandvik AB is a manufacturer of tools, mining andconstruction equipment and steel products, headquartered inSandviken, Sweden. The company manufactures products such astools and tooling systems for metal cutting, blanks,components in cemented carbide, special machinery,cemented-carbide tools, services for excavation of rock andmaterials in mining and construction industry, specialalloys and resistance heating materials. The company wasfounded in 1862.Sandvik AB is a manufacturer of tools, mining and construction equipment and steel products, headquartered in Sandviken, Sweden. The company manufactures products such as tools and tooling systems for metal cutting, blanks, components in cemented carbide, special machinery, cemented-carbide tools, services for excavation of rock and materials in mining and construction industry, special alloys and resistance heating materials. The company was founded in 1862.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.00000Eurocut Ltd, located inSheffield, UK, manufacturesmedical devices and equipmentsfocusing on precisioncomponents from a wide varietyof rolled cast or forgedmaterials ranging from freemachining steels to exoticalloys such as inconel andtitanium. The company wasfounded in 1987.Eurocut Ltd, located in Sheffield, UK, manufactures medicaldevices and equipments focusing on precision components froma wide variety of rolled cast or forged materials rangingfrom free machining steels to exotic alloys such as inconeland titanium. The company was founded in 1987.Eurocut Ltd, located in Sheffield, UK, manufactures medical devices and equipments focusing on precision components from a wide variety of rolled cast or forged materials ranging from free machining steels to exotic alloys such as inconel and titanium. The company was founded in 1987.0.000000.000000.000000.00000Y06 May 08Tue, 06 May 2008 00:00:00 ESTDate Announced: 05/06/200806 May 08Date Effective: 05/06/200806 May 08Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.00000100.00000100.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000UK - Sandvik AB acquiredEurocut Ltd, a Sheffield-basedmanufacturer of medicaldevices and equipments, fromSemes Ltd.UK - Sandvik AB acquired Eurocut Ltd, a Sheffield-based manufacturer of medical devices and equipments, from Semes Ltd.UK - Sandvik AB acquired Eurocut Ltd, a Sheffield-based manufacturer of medical devicesand equipments, from Semes Ltd.UK - Sandvik AB acquired Eurocut Ltd, a Sheffield-based manufacturer of medical devices and equipments, from Semes Ltd.UK - Sandvik AB acquired Eurocut Ltd, a Sheffield-based manufacturer of medical devices and equipments, from Semes Ltd.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003841:Surgical and medical instruments and apparatus3842:Orthopedic, prosthetic, and surgical supplies3844:X-Ray apparatus & tubes & other irradiation equip.3845:Electromedical and electrotherapeutic apparatus5303001StockholmSweden3541ForeignPublicSAND3841:Surgical and medical instruments and apparatus3842:Orthopedic, prosthetic, and surgical supplies3844:X-Ray apparatus & tubes & other irradiation equip.3845:Electromedical and electrotherapeutic apparatus635665002London AIMUnited Kingdom3842ForeignPublicMLH0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & AcquisitionsSWEDEN - Husqvarna Construction Products Sweden AB, a unit of Electrolux AB's Husqvarna AB planned to acquire Hagby-Asahi AB, a Nora-based manufacturer of precision tools from Sandvik AB.5/2/2008 11:59:23 AM46849F40631W285378800212Husqvarna Construction Products Sweden ABHagby-Asahi ABElectrolux ABSandvik ABhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Husqvarna_Constr_prod_SwedenAB_acquires_Hagby_Asahi_AB_from_Sandvik_AB-1974112040sdc/19741120401974112040Copyright © 2008, Thomson Financial, All Rights ReservedConstruction FirmsSwedenResidential construction, nec1522FFForeignSubsidiary1521:Single-family housing construction1522:Residential construction, nec1541:Industrial buildings and warehouses1542:Nonresidential building construction, nec1611:Highway and street construction1622:Bridge, tunnel, and elevated highway construction1623:Water, sewer, pipeline & utility line construction1629:Heavy construction, nec1711:Plumbing, heating and air conditioning1731:Electrical work1741:Masonry, stone setting, and other stone work1742:Plastering, drywall, acoustical & insulation work1751:Carpentry work1752:Floor laying and other floor work, nec1761:Roofing, siding, and sheet metal work1771:Concrete work1799:Special trade contractors, nec3559:Special industry machinery, nec3589:Service industry machines, nec3631:Household cooking equipment3632:Household refrigerators and home and farm freezers3635:Household vacuum cleaners3639:Household appliances, nec5064:Electrical appliances, television and radio sets5087:Service establishment equipment and supplies7217:Carpet and upholstery cleaningMachinerySwedenCutting tools and machine tool accessories3545FFForeignSubsidiary1008575001Mnfr household appliancesMnfr tools,mining equipUnspecifiedAssets987716002May 2 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000Husqvarna ConstructionProducts Sweden AB, located inJonkoping, Sweden, is aConstruction company, wasfounded in 1972.Husqvarna Construction Products Sweden AB, located inJonkoping, Sweden, is a Construction company, was founded in1972.Husqvarna Construction Products Sweden AB, located in Jonkoping, Sweden, is a Construction company, was founded in 1972.1.000002.000003.00000Hagby-Asahi AB, located inNora, Sweden, manufacturesprecision tools.Hagby-Asahi AB, located in Nora, Sweden, manufacturesprecision tools.Hagby-Asahi AB, located in Nora, Sweden, manufactures precision tools.0.000000.000000.000000.00000N30 Apr 08Wed, 30 Apr 2008 00:00:00 ESTDate Announced: 04/30/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000SWEDEN - HusqvarnaConstruction Products SwedenAB, a unit of Electrolux AB'sHusqvarna AB planned toacquire Hagby-Asahi AB, aNora-based manufacturer ofprecision tools from SandvikAB.SWEDEN - Husqvarna Construction Products Sweden AB, a unit of Electrolux AB's Husqvarna AB planned to acquire Hagby-Asahi AB, a Nora-based manufacturer of precision tools from Sandvik AB.SWEDEN - Husqvarna Construction Products Sweden AB, a unit of Electrolux AB's Husqvarna ABplanned to acquire Hagby-Asahi AB, a Nora-based manufacturer of precision tools fromSandvik AB.SWEDEN - Husqvarna Construction Products Sweden AB, a unit of Electrolux AB's Husqvarna AB planned to acquire Hagby-Asahi AB, a Nora-based manufacturer of precision tools from Sandvik AB.SWEDEN - Husqvarna Construction Products Sweden AB, a unit of Electrolux AB's Husqvarna AB planned to acquire Hagby-Asahi AB, aNora-based manufacturer of precision tools from Sandvik AB.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003545:Cutting tools and machine tool accessories1985001StockholmSweden3632ForeignPublicELUX3339:Primary nonferrous metals, except copper, aluminum3425:Saw blades and handsaws3532:Mining machinery and equipment, except oil and gas3535:Conveyors and conveying equipment3541:Machine tools, metal cutting types3823:Process control instruments5303001StockholmSweden3541ForeignPublicSAND0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/ccbn/T1832406ccbn/T1832406norm...Good day, and welcome to the Sandvik conference call. At this time, I would like to turn the conference over to your host today, Mr. Lissaker, Vice President Investor Relations. Please go ahead, sir. ... 4/29/2008 12:14:00 PMSandvik AB54.0000FinalQ1 2008 Sandvik AB Earnings Conference Call TranscriptSAND.ST1:30pm CETTranscriptT1832406Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/644116spcred/644116normThe latest News from S&Pglobal4/22/2008 1:01:56 PM100News644116SwedenIndustrial MachineryEurope, Middle East, AfricaGlobal IssuersCorporationsBuilding MaterialsCapital GoodsNewsLONDON (Standard&Poor's) April 22, 2008--Standard&Poor's Ratings Services said today it placed its 'A+' long-term corporate credit and senior unsecured debt ratings on Sweden-based tool and mining equipment manufacturer Sandvik AB on CreditWatch with negative implications, reflecting concerns about its financial risk profile. At the same time, the 'A-1' short-term corporate credit rating on Sandvik and the 'K-1' Nordic scale rating on subsidiary Sandvik Treasury AB's Swedish commercial paper program were affirmed. The CreditWatch placement reflects a potential need to adjust Sandvik's financial risk profile and rating in light of its 2007 performance, its financial policy, and when comparing with peers. "While the first-quarter 2008 performance is unknown to us, Sandvik's performance has been low for theSWE80021220106020 201060 2010 20Sandvik AB117363EUROMIDAFRSAND@SSNEWSGLOBISSCORPBuildingCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/644117spcred/644117normThe latest Research Update from S&Pglobal4/22/2008 1:01:56 PM175Research Update644117SwedenIndustrial MachineryEurope, Middle East, AfricaGlobal IssuersCorporationsCapital GoodsBuilding MaterialsResearch UpdateOn April 22, 2008, Standard&Poor's Ratings Services placed its 'A+' long-term corporate credit and senior unsecured debt ratings on Sweden-based tool and mining equipment manufacturer Sandvik AB on CreditWatch with negative implications, reflecting concerns about its financial risk profile. At the same time, the 'A-1' short-term corporate credit rating on Sandvik and the 'K-1' Nordic scale rating on subsidiary Sandvik Treasury AB's Swedish commercial paper program were affirmed. The CreditWatch placement reflects a potential need to adjust Sandvik's financial risk profile and rating in light of its 2007 performance, its financial policy, and when comparing with peers. While the first-quarter 2008 performance is unknown to us, Sandvik's performance has been low for the ratings requirement at this strongSWE80021220106020 201060 2010 20Sandvik AB117363EUROMIDAFRSAND@SSRESUPDSWE20106010 201060 2010 20Sandvik Treasury AB382418EUROMIDAFRGLOBISSCORPCapitalBuildingCredit & Investment ResearchS&P Credit ResearchNORWAY - Sandvik AB (SA) of Sweden agreed to acquire a ##.##% interest in Teeness ASA (TA), a Trondheim-based manufacturer of machine tools, for ###.### mil Norwegian kroner (### mil Swedish kronor/$##.## mil US). Concurrently, SA planned to acquire the remaining #.##% stake, which it did not already own, in TA.4/19/2008 9:33:31 AM80021288208R80021288208RSandvik ABTeeness ASASandvik ABTeeness ASAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Sandvik_AB_acquires_Teeness_ASA-1970432040sdc/19704320401970432040Copyright © 2008, Thomson Financial, All Rights ReservedStockholmMachinerySwedenMachine tools, metal cutting types3541FFForeignPublicSAND3339:Primary nonferrous metals, except copper, aluminum3425:Saw blades and handsaws3532:Mining machinery and equipment, except oil and gas3535:Conveyors and conveying equipment3541:Machine tools, metal cutting types3823:Process control instruments3339:Primary nonferrous metals, except copper, aluminum3425:Saw blades and handsaws3532:Mining machinery and equipment, except oil and gas3535:Conveyors and conveying equipment3541:Machine tools, metal cutting types3823:Process control instrumentsMachineryNorwayMachine tools, metal cutting types3541FFForeignPrivate5303001Mnfr tools,mining equipMnfr mach toolsCashCash OnlyStock977637001Apr 19 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.00000Sandvik AB is a manufacturerof tools, mining andconstruction equipment andsteel products, headquarteredin Sandviken. The companymanufacture products such astools and tooling systems formetal cutting, blanks,components in cementedcarbide, special machinery,cemented-carbide tools,services for excavation ofrock and materials in miningand construction industry,special alloys and resistanceheating materials. The companywas founded in 1862.Sandvik AB is a manufacturer of tools, mining andconstruction equipment and steel products, headquartered inSandviken. The company manufacture products such as toolsand tooling systems for metal cutting, blanks, components incemented carbide, special machinery, cemented-carbide tools,services for excavation of rock and materials in mining andconstruction industry, special alloys and resistance heatingmaterials. The company was founded in 1862.Sandvik AB is a manufacturer of tools, mining and construction equipment and steel products, headquartered in Sandviken. The company manufacture products such as tools and tooling systems for metal cutting, blanks, components in cemented carbide, special machinery, cemented-carbide tools, services for excavation of rock and materials in mining and construction industry, special alloys and resistance heating materials. The company was founded in 1862.1.000002.000003.000004.000005.000006.000007.00000Teeness ASA, located inTrondheim, Norway,manufactures machine toolssuch as boring bars, cuttingheads, adapters, finishingtools and turrets. The companywas founded in 1897.Teeness ASA, located in Trondheim, Norway, manufacturesmachine tools such as boring bars, cutting heads, adapters,finishing tools and turrets. The company was founded in1897.Teeness ASA, located in Trondheim, Norway, manufactures machine tools such as boring bars, cutting heads, adapters, finishing tools and turrets. The company was founded in 1897.0.000000.000000.000000.00000YNorwegian Krone17 Apr 08Thu, 17 Apr 2008 00:00:00 ESTDate Announced: 04/17/2008Date Effective:Acq. Maj. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.00000201.757 Norwegian Krone201.757000.00000201.757 Norwegian Krone201.757000.000000.000000.000000.00000201.75700201.757 Norwegian Krone0.20100N20.356000.000000.000000.000000.000000.0000040.5200040.520000.000000.000000.000000.000000.000000.000000.0000092.550000.000000.000000.000000.000000.000000.000000.000000.0000019268.843000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.00000NORWAY - Sandvik AB (SA) ofSweden agreed to acquire a92.55% interest in Teeness ASA(TA), a Trondheim-basedmanufacturer of machine tools,for 201.757 mil Norwegiankroner (240 mil Swedishkronor/$40.52 mil US).Concurrently, SA planned toacquire the remaining 7.45%stake, which it did notalready own, in TA.NORWAY - Sandvik AB (SA) of Sweden agreed to acquire a 92.55% interest in Teeness ASA (TA), a Trondheim-based manufacturer of machine tools, for 201.757 mil Norwegian kroner (240 mil Swedish kronor/$40.52 mil US). Concurrently, SA planned to acquire the remaining 7.45% stake, which it did not already own, in TA.NORWAY - Sandvik AB (SA) of Sweden agreed to acquire a 92.55% interest in Teeness ASA(TA), a Trondheim-based manufacturer of machine tools, for 201.757 mil Norwegian kroner(240 mil Swedish kronor/$40.52 mil US). Concurrently, SA planned to acquire the remaining7.45% stake, which it did not already own, in TA.NORWAY - Sandvik AB (SA) of Sweden agreed to acquire a 92.55% interest in Teeness ASA (TA), a Trondheim-based manufacturer of machine tools, for 201.757 mil Norwegian kroner (240 mil Swedishkronor/$40.52 mil US). Concurrently, SA planned to acquire the remaining 7.45% stake, which it did not already own, in TA.NORWAY - Sandvik AB (SA) of Sweden agreed to acquire a 92.55% interest in Teeness ASA (TA), a Trondheim-based manufacturer of machinetools, for 201.757 mil Norwegian kroner (240 mil Swedish kronor/$40.52 mil US). Concurrently, SA planned to acquire the remaining 7.45%stake, which it did not already own, in TA.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003541:Machine tools, metal cutting types3545:Cutting tools and machine tool accessories3999:Manufacturing industries, nec5303001StockholmSweden3541ForeignPublicSAND3541:Machine tools, metal cutting types3545:Cutting tools and machine tool accessories3999:Manufacturing industries, nec977637001Norway3541ForeignPrivate40.52000201.7570040.5200020.35600Deal InformationThomson Financial Mergers & AcquisitionsNORWAY - Sandvik AB (SA) of Sweden planned to acquire the remaining #.##% stake, which it did not already own, in Teeness ASA (TA), a Trondheim-based manufacturer of machine tools. Concurrently, SA agreed to acquire a ##.##% interest in TA.4/19/2008 9:33:31 AM80021288208R80021288208RSandvik ABTeeness ASASandvik ABTeeness ASAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Sandvik_AB_acquires_remaining_interest_in_Teeness_ASA-1970434040sdc/19704340401970434040Copyright © 2008, Thomson Financial, All Rights ReservedStockholmMachinerySwedenMachine tools, metal cutting types3541FFForeignPublicSAND3339:Primary nonferrous metals, except copper, aluminum3425:Saw blades and handsaws3532:Mining machinery and equipment, except oil and gas3535:Conveyors and conveying equipment3541:Machine tools, metal cutting types3823:Process control instruments3339:Primary nonferrous metals, except copper, aluminum3425:Saw blades and handsaws3532:Mining machinery and equipment, except oil and gas3535:Conveyors and conveying equipment3541:Machine tools, metal cutting types3823:Process control instrumentsMachineryNorwayMachine tools, metal cutting types3541FFForeignPrivate5303001Mnfr tools,mining equipMnfr mach toolsUnspecifiedStock977637001Apr 19 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.00000Sandvik AB is a manufacturerof tools, mining andconstruction equipment andsteel products, headquarteredin Sandviken. The companymanufacture products such astools and tooling systems formetal cutting, blanks,components in cementedcarbide, special machinery,cemented-carbide tools,services for excavation ofrock and materials in miningand construction industry,special alloys and resistanceheating materials. The companywas founded in 1862.Sandvik AB is a manufacturer of tools, mining andconstruction equipment and steel products, headquartered inSandviken. The company manufacture products such as toolsand tooling systems for metal cutting, blanks, components incemented carbide, special machinery, cemented-carbide tools,services for excavation of rock and materials in mining andconstruction industry, special alloys and resistance heatingmaterials. The company was founded in 1862.Sandvik AB is a manufacturer of tools, mining and construction equipment and steel products, headquartered in Sandviken. The company manufacture products such as tools and tooling systems for metal cutting, blanks, components in cemented carbide, special machinery, cemented-carbide tools, services for excavation of rock and materials in mining and construction industry, special alloys and resistance heating materials. The company was founded in 1862.1.000002.000003.000004.000005.000006.000007.00000Teeness ASA, located inTrondheim, Norway,manufactures machine toolssuch as boring bars, cuttingheads, adapters, finishingtools and turrets. The companywas founded