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INTERIM REPORT FOURTH QUARTER 2021

Q4 SANDVIK INTERIM REPORT 2021 FOR ADDITIONAL INFORMATION, PLEASE CALL SANDVIK INVESTOR RELATIONS +46 8 456 11 00 OR VISIT PRESS RELEASE JANUARY 20, 2022 INTERIM REPORTFOURTH QUARTER 2021 AND FULL YEAR 2021Q4 SANDVIK INTERIM REPORT 2021 FOR ADDITIONAL INFORMATION, PLEASE CALL SANDVIK INVESTOR RELATIONS +46 8 456 11 00 OR VISIT ) Change from the preceding year at fixed exchange rates for comparable units, excluding acquisitions. 2) Adjusted for items affecting comparability of SEK 58 million in Q4 2021 (-1,018) and SEK 538 million YTD 2021 (-3,347). Q4 2021 is mainly related to a capital gain from divestment of property, partial provision releases related to structural and volume related savings measures in 2020 offset by SMT separation costs. FY 2021 is also primarily impacted by closure of defined benefit pension plans in US and UK. FY 2020 primarily related to structural and volume related savings measures and costs related to Varel Oil & Gas disposal in Q1.

ganic and acquisitive growth as well as solid profitability. And we made important acquisitions that were purposely targeted to fill value chain gaps in our offering, enhance our core portfolio and regional exposure, accelerate our digital shift, and consequently strengthen our position going forward. Organic order intake and

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