Cutting assembly, comprising - a tool holder including - a tool holder body having - a rear coupling end, a front end, a tool holder central axis around which the tool holder is rotatable, and - at least a first and a second tool mounting recess, wherein the tool holder central axis extends through the tool holder body between the front end and the rear coupling end, and wherein each tool mounting recess includes an opening being at least partly located in a surface of the front end and spaced apart from the tool holder central axis, - at least a first and a second cutting tool for milling, each cutting tool including - a cutting tool body having - a shank at a rear end, a cutting portion at a front end, which cutting portion is comprising two or more peripheral cutting edges, and - a cutting tool axis extending through the shank and the cutting portion, wherein - the shank of the first cutting tool is arranged in the first tool mounting recess and the shank of the second cutting tool is arranged in the second tool mounting recess, such that at least a part of the cutting portion of each cutting tool extends from the tool holder, wherein an operational region of the cutting portion of each cutting tool is primarily facing outwards, in a radial direction, from the tool holder central axis, - each of the first and second tool mounting recesses comprises tool alignment means, characterized in that - each shank of the first and second cutting tools comprises one interlocking feature for each peripheral cutting edge for interlocking with the tool alignment means such that each of the first and second cutting tools is non-rotatably arranged in their respective tool mounting recesses with the corresponding peripheral cutting edge in a predefined position with respect to the tool holder body, - the tool alignment means comprises a threaded hole extending from the tool mounting recess to a peripheral surface of the tool holder body, and a screw extending through the threaded hole and engaging the interlocking feature of the shank, and - the tool holder body includes deep recesses in a cylindrical outer surface of the tool holder body, and each threaded hole opens in a peripheral surface of this recessed part of the tool holder body. - a tool holder including - a tool holder body having - a rear coupling end, a front end, a tool holder central axis around which the tool holder is rotatable, and - at least a first and a second tool mounting recess, wherein the tool holder central axis extends through the tool holder body between the front end and the rear coupling end, and wherein each tool mounting recess includes an opening being at least partly located in a surface of the front end and spaced apart from the tool holder central axis, - a tool holder body having - a rear coupling end, a front end, a tool holder central axis around which the tool holder is rotatable, and - at least a first and a second tool mounting recess, - at least a first and a second cutting tool for milling, each cutting tool including - a cutting tool body having - a shank at a rear end, a cutting portion at a front end, which cutting portion is comprising two or more peripheral cutting edges, and - a cutting tool axis extending through the shank and the cutting portion, - a cutting tool body having - a shank at a rear end, a cutting portion at a front end, which cutting portion is comprising two or more peripheral cutting edges, and - a cutting tool axis extending through the shank and the cutting portion, - the shank of the first cutting tool is arranged in the first tool mounting recess and the shank of the second cutting tool is arranged in the second tool mounting recess, such that at least a part of the cutting portion of each cutting tool extends from the tool holder, wherein an operational region of the cutting portion of each cutting tool is primarily facing outwards, in a radial direction, from the tool holder central axis, - each of the first and second tool mounting recesses comprises tool alignment means, characterized in that - each shank of the first and second cutting tools comprises one interlocking feature for each peripheral cutting edge for interlocking with the tool alignment means such that each of the first and second cutting tools is non-rotatably arranged in their respective tool mounting recesses with the corresponding peripheral cutting edge in a predefined position with respect to the tool holder body, - the tool alignment means comprises a threaded hole extending from the tool mounting recess to a peripheral surface of the tool holder body, and a screw extending through the threaded hole and engaging the interlocking feature of the shank, and - the tool holder body includes deep recesses in a cylindrical outer surface of the tool holder body, and each threaded hole opens in a peripheral surface of this recessed part of the tool holder body.