SKF: SKF’s Programme to Improve Efficiency, Reduce Cost and Strengthen Profitable Growth Continues

  SKF: SKF’s Programme to Improve Efficiency, Reduce Cost and Strengthen
  Profitable Growth Continues

Business Wire

GÖTEBORG, Sweden -- April 10, 2013

Regulatory News:

SKF's (STO:SKFB)(STO:SKFA)(Pink Sheets:SKFRY)(LSE:SKFB) programme to improve
efficiency, reduce cost and strengthen profitable growth continues as planned.
SKF will report restructuring cost of around SEK 250 million in the first
quarter of 2013, for the second stage of the programme that was announced at
the beginning of the year (see press release of 14 January 2013). The cost
will mainly have an impact on the business area SKF Industrial Market,
Strategic Industries. More information will be provided in SKF First-quarter
report 2013, which will be published on 17 April at around 08.00 CEST.

Aktiebolaget SKF (publ)

AB SKF is required to disclose the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08:00 on 10 April 2013.

SKF is a leading global supplier of
bearings(http://www.skf.com/portal/skf/home/products?contentId=876709&lang=en),
seals(http://www.skf.com/portal/skf/home/products?contentId=238358&lang=en),
mechatronics(http://www.skf.com/portal/skf/home/products?contentId=447144&lang=en),
lubrication systems(http://www.skf.com/portal/skf_lub?lang=en), and
services(http://www.skf.com/portal/skf_lub/home/services?contentId=867934&lang=en)
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.
www.skf.com

® SKF is a registered trademark of the SKF Group. ™ BeyondZero is a trademark
of the SKF Group.

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Contact:

SKF
MEDIA HOTLINE
46 31337 2400
or
PRESS
Rebecca Janzon
Director, Press Relations
tel: 46 31337 3880
mobile: 46 727-173880
e-mail: rebecca.janzon@skf.com
or
INVESTOR RELATIONS
Marita Björk
Head of Investor Relations
tel: 46 31-337 1994
mobile: 46 705-181994
e-mail: marita.bjork@skf.com