Atlas Copco Group

1. Atlas Copco Group Q3 Results October 24, 2007

2. Contents • Q3 Business Highlights • Market Development • Business Areas • Financials • Outlook

3. Q3 - Highlights • Strong order and revenue growth continue • Solid market conditions • Excellent growth in BRIC countries • Organic order growth 15% • Both capital equipment and aftermarket sales show strength • All-time high operating profit • Strong cash flow generation • Acquisition of Mafi-Trench expands offer to oil and gas industry

4. Q3 - Figures in summary • Revenues up 31% to MSEK 16 431 • 19% organic growth • Operating profit up 36% to MSEK 3 127 • Operating margin at record 19.0% (18.4) • Profit before tax at MSEK 2 708 (2 081) • Profit from continuing operations up 28% to MSEK 1 890 • Earnings per share continuing operations SEK 1.54 (1.17) • Operating cash flow, continuing operations, MSEK 1 586 (916)

5. Contents • Q3 Business Highlights • Market Development • Business Areas • Financials • Outlook

6. Orders received - Local currency Group total +27% YTD, +29% last 3 months (Structural change +9% YTD, +14% last 3 months) September 2007

7. Q3 - The Americas • Solid growth in North America • Good demand from most customer segments within mining, process, and manufacturing industries • Weaker demand from the motor vehicle industry and parts of the construction market • Continued good demand from all customer segments in South America • Strong growth in Brazil September 2007

8. Q3 - Europe and Africa/Middle East • Robust demand in Europe • Good development within the manufacturing and process segments • Demand from construction industry softened in some markets • Best growth found in Eastern Europe and the Nordic region • Positive development in the Africa / Middle East region September 2007

9. Q3 - Asia and Australia • Asia continues to deliver • Strong demand for all types of equipment in most parts of the region • China and India recorded even higher growth than in recent quarters • High demand from most customer segments in Australia September 2007

10. Organic* Growth per Quarter Atlas Copco Group, continuing operations • Change in orders received in % vs. same Quarter previous year *Volume and price

11. Atlas Copco Group – Sales Bridge

12. Contents • Q3 Business Highlights • Market Development • Business Areas • Financials • Outlook

13. Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area *including discontinued operations

14. Compressor Technique • Continued strong development for all product areas • Organic order growth 11% vs very strong previous year • All regions showed good growth • Record operating profit at MSEK 1 801 • Includes MSEK 78 gain from sale of rental assets in Australia • Underlying margin very strong considering currency and acquisition effects • Acquisition of Mafi-Trench finalized on August 1 14 October 24, 2007, www.atlascopco.com

15. Compressor Technique *Volume and price Quarterly operating margins include Prime Energy from Q1 2006.

16. Construction and Mining Technique • Continued strong demand, particularly from mining industry • Organic order growth 21% • 22nd consecutive quarter with volume growth • Operating profit up 50%, margin at 16.9% • 19% margin for comparable units • Low Dynapac margin due to seasonal variances as well as production disturbances

17. Dynapac • Market development and order growth is good and in line with expectations • Production disturbances primarily related to Germany and one business line • New product allocation between factories • Move from station-based assembly to line-assembly • Introduction of revamped paver-line

18. Construction and Mining Technique *Volume and price

19. Industrial Technique • Continued very strong development in general industry and resumed order growth in the motor vehicle industry • 13% organic order growth in total • Operating profit up 10%, margin at 20.8% • Negatively affected by restructuring costs • Suggested move of assembly operations from UK to Hungary • New advanced battery tool introduced

20. Industrial Technique *Volume and price

21. Contents • Q3 Business Highlights • Market Development • Business Areas • Financials • Outlook

22. Group Total

23. Balance Sheet

24. Capital Structure Net Debt/EBITDA

25. Cash Flow Continuing operations

26. Contents • Q3 Business Highlights • Market Development • Business Areas • Financials • Outlook

27. Near-term Outlook The demand for Atlas Copco’s products and services from most customer segments and regions is expected to remain at the current high level. The positive outlook includes the main part of the construction segment, while construction related to housing is expected to slow down, primarily in North America.

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29. Cautionary Statement “Some statements herein are forward-looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the actual outcome could be materially effected by other factors like for example, the effect of economic conditions, exchange-rate and interest-rate movements, political risks, impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.”