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Sandvik Complete Acquisition of Australia's SDS Corp

May 31 2006

Sandvik announced on 7 April an offer to acquire the Australian company SDS Corporation. Among other conditions, the acquisition was conditional on the approval of shareholders representing at least 90% of the shares.

At the end of the acceptance period for the offer, Sandvik held 98.21% of the shares in SDS Corporation. Accordingly, the acquisition will be completed as planned and the remaining shares will be compulsorily redeemed. SDS Corporation will be consolidated as of 1 June and delisting from the Australian stock exchange is expected to be completed prior to the end of June.

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