Issue of options in accordance with SKF's Stock Option Programme

Issue of options in accordance with SKF's Stock Option Programme In accordance with SKF's Stock Option Programme, 183 managers have been granted totally 402.000 stock options to buy existing SKF B-shares. The grant, which is free of charge, is based on the SKF Group earnings 2000. Each option gives the right to purchase one existing SKF B-share at the exercise price of 174 SEK during a period of six years. The stock options can be exercised to acquire share two years from the date of grant at the earliest, provided the employment with SKF still exists. Göteborg, February 26, 2001 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel +46-(0)31-3371541, e-mail: Lars.G.Malmer@skf.com Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel +46-31-3371000, fax +46- 31-3372832, www.skf.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/26/20010226BIT00430/bit0001.doc http://www.bit.se/bitonline/2001/02/26/20010226BIT00430/bit0001.pdf

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SKF is a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems. The Group’s service offer includes technical support, maintenance services, engineering consultancy and training.

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