#Sweden #Annual General Meeting #Nomination Committee #Sandvik AB #Sandviken

Sandvik AB's Nomination Committee for 2027

On September 21, 2026, Sandvik AB announced the formation of its Nomination Committee for the upcoming 2027 Annual General Meeting (AGM). This committee plays a crucial role in preparing proposals that significantly affect the governance and operational structure of the company.

Background

In a move that continues its commitment to effective governance, Sandvik AB initiated the appointment process for the Nomination Committee during its 2020 AGM. This instruction remains in effect until altered by a subsequent General Meeting. The primary function of this committee is to facilitate the selection of board members and other executives, ensuring that the company is led by qualified individuals.

Composition of the Committee

The composition of the Nomination Committee reflects a broad representation of Sandvik’s shareholders. The committee includes:

• - Fredrik Lundberg, from AB Industrivärden, who serves as the Chairman.
• - Oscar Bergman, representing Swedbank Robur Funds.
• - Lars Pettersson, from Lundbergs.
• - Frank Larsson, of Handelsbanken Funds.
• - Johan Molin, Sandvik's Chairman of the Board and convenor of the committee.

This diverse board ensures that different stakeholder interests are considered when making critical decisions concerning board composition and remuneration.

Responsibilities

The Nomination Committee is tasked with preparing several key proposals for the AGM scheduled on April 28, 2027, in Sandviken, Sweden. These proposals will include:

• - Election of the Chairman of the Meeting.
• - Determining the number of Board members.
• - Proposals related to fees for each Board member.
• - Recommendations for the election of Board members and the Board Chairman.
• - Decisions regarding the remuneration of auditors and the selection of the auditing firm.
• - Suggestions for alterations to the instructions governing the Nomination Committee.

Shareholder Participation

In an inclusive approach, Sandvik encourages shareholders to participate in the governance process. Those wishing to contribute proposals to the Nomination Committee can do so by contacting Johanna Kreft, Secretary of the committee, via email at [email protected] To ensure proposals are considered in a timely manner, shareholders are advised to submit their proposals no later than January 18, 2027.

Conclusion

Sandvik AB’s establishment of the Nomination Committee is a step forward in maintaining a transparent and accountable governance structure. By enabling various stakeholders to participate in the governance process, the company enhances its corporate responsibility and sets the groundwork for strategic decisions that will influence its future trajectory.

For further information about Sandvik AB and its governance structure, interested parties can reach out to Louise Tjeder, Vice President of Investor Relations, at +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, at +46 (0) 70721 1008.

The company continues to prioritize the importance of effective governance as it prepares for a pivotal year ahead.