SKF Signs Long-Term Agreement with Pratt & Whitney

  SKF Signs Long-Term Agreement with Pratt & Whitney

Business Wire

GOTHENBURG, Sweden -- March 4, 2013

SKF (STO:SKFA)(STO:SKFB)(Pink Sheets:SKFRY)(LSE:SKFB) today announced they
have signed a long-term agreement with Pratt & Whitney, a unit of United
Technologies Corp. (NYSE: UTX), for approximately SEK 170 million. Within the
agreement, SKF will provide main shaft bearings for Pratt & Whitney’s
PurePower® PW1100G-JM engine. This agreement and associated work builds upon
SKF’s successful support of other Pratt & Whitney engine programs.

Stephane Le-Mounier, Director, SKF Aerospace says, “We are extremely pleased
to have been selected for this major engine program and that Pratt & Whitney
has confidence in SKF’s technical and manufacturing capabilities. We have
created a special commercial, manufacturing, and application engineering team
to address Pratt & Whitney’s requirements, which includes a complete
rethinking of the way we will manufacture these aero engine bearings.”

SKF will manufacture the main shaft bearings at their aerospace factory in
Falconer, New York.

Gothenburg, 4, March 2013

Aktiebolaget SKF (publ)

SKF is a leading global supplier of
lubrication systems(, and
which include technical support, maintenance and reliability services,
engineering consulting and training. SKF is represented in more than 130
countries and has around15,000 distributor locations worldwide. Annual sales
in 2012 were SEK 64,575 million and the number of employees was 46,775.

® SKF is a registered trademark of the SKF Group.

™ BeyondZero is a trademark of the SKF Group.

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