SECO TOOLS GIVES NOTICE OF REDUNDANCY

SECO TOOLS GIVES NOTICE OF REDUNDANCY

Seco Tools has made 260 employees in its Swedish operations redundant in an
effort to reduce costs and adapt production capacity to the declining demand
from the manufacturing industry. The redundancies include both workers and staff
employees.
The job reductions refer primarily to the production unit in Fagersta but will
also include employees in Arboga, Norrköping and other locations. 

The recently initiated measures are expected to result in the loss of 550 jobs
at the global level. 

The previously implemented redundancies in November last year affected around
250 employees worldwide.

Employee co-determination negotiations with the trade unions will begin
immediately.

Fagersta, 18 February 2009


SECO TOOLS AB; (publ)


The information contained herein is subject to the disclosure requirements of
Seco Tools AB under the Securities Markets Act. This information was submitted
for publication on 18 February 2009, 1:15 p.m. CET.

For additional information, contact Kai Wärn, President and CEO, tel +46
(0)223-401 10 or Peter Damberg, Human Resources Director, tel +46 (0)223-40210,
or Patrik Johnson, CFO, tel +46 (0)223-401 20. E-mail can be sent to
investor.relations@secotools.com.

Previously published information can be found under the heading “Investor
Relations & Corporate Governance” on Seco Tools' website (www.secotools.com).
Seco Tools AB's corporate identification number is 556071-1060 and the company's
address is Seco Tools AB, SE-737 82 Fagersta, Sweden. The telephone number to
the group head office is +46 (0)223-400 00.