Notice of Annual General meeting on April 24, 2001

Notice of Annual General Meeting on April 24, 2001 In accordance with the listing agreement with OM Stockholmsbörsen, AB SKF is hereby announcing the contents of the Notice concerning the Company's Annual General Meeting on April 24. Göteborg, March 20, 2001 Aktiebolaget SKF (publ.) Enclosure: Notice of Annual General Meeting For further information, please contact: Lars G Malmer, SKF Group Communication, tel +46-(0)705-371541, 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 Notice of Annual General Meeting Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF will be held at SKF Kristinedal, Byfogdegatan 4, Göteborg, Sweden, at 3.30 p.m. on Tuesday April 24, 2001. Annual General Meeting For the right to participate at the meeting, shareholders must be recorded in the shareholders' register kept by VPC AB by Thursday April 12, 2001 and must notify the company before 12 noon on Wednesday April 18, 2001, by letter to AB SKF, Group Legal, SE-415 50 Göteborg, Sweden, or by fax +46 31 337 16 91, or by phone +46 31 337 24 36. When notifying the company, which preferably should be done in writing, details of name, address, telephone number, registered shareholding and advisors, if any, shall be given. Where representation is being made by proxy, the original of the proxy form shall be sent to the company before the date of the meeting. Shareholders whose shares are registered in the name of a trustee must have the shares registered temporarily in their own name in order to take part in the meeting. Any such re-registration for the purpose of establishing voting rights shall take place by Thursday April 12, 2001. This means that the shareholder should give notice of his/her wish to be included in the shareholders' register to the trustee in plenty of time before that date. A re-registration fee will normally be payable to the trustee. Agenda 1. Opening of the Annual General Meeting. 2. Election of a chairman for the meeting. 3. Drawing up and approval of the voting list. 4. Approval of agenda. 5. Election of persons to verify the minutes. 6. Consideration of whether the meeting has been duly convened. 7. Presentation of annual report and audit report as well as consolidated accounts and audit report for the Group. 8. Address by the President. 9. The matter of adoption of the income statement and balance sheet and consolidated income statement and consolidated balance sheet. 10. Resolution regarding distribution of profits. 11. The matter of discharge of the members of the Board and the President from liability. 12. Determination of number of Board members and deputy members. 13. Determination of number of auditors and deputy auditors. 14. Determination of fee for the Board of Directors. 15. Determination of fee for the auditors. 16. Election of Board members and deputy Board members. 17. Election of auditors and deputy auditors. Proposal under item 10 The Board of Directors proposes a dividend for the financial year 2000 of SEK 5.25 per share. It is proposed that shareholders with holdings recorded on April 27, 2001 be entitled to receive the said dividend. Subject to acceptance by the Annual General Meeting, it is expected that VPC will send out notices of payment to recorded shareholders and listed depositaries on May 3, 2001. Proposal under items 12, 13, 14, 15, 16 and 17 Regarding number of Board members and auditors, fees for the Board of Directors and the auditors and election of Board members and auditors, shareholders, who together represent slightly more than 40 percent of the votes of the total number of company shares, have informed the company that they propose - that the Board shall consist of eight ordinary members and no deputy members; - that an auditor without deputy is elected for the period up to the end of the annual general meeting, pursuant to Section 9, sub-section 7 first paragraph of the Swedish Companies Act, held in the financial year 2005; - that the Board of Directors for the period up to end of the next annual general meeting receive a fee of SEK 2 350 000, which, according to the decision of the Board, be distributed between the Board members elected at the meeting with the exception of members employed by the company; - that the auditor is paid for work performed as invoiced; - for re-election ordinary Board members Anders Scharp, Sune Carlsson, Sören Gyll, Helmut Werner, Vito H Baumgartner, Ulla Litzén, Philip N Green and Clas Åke Hedström; and - that the auditing company Arthur Andersen AB is re-elected as auditors for the period up to the end of the annual general meeting, pursuant to Section 9, sub-section 7 first paragraph of the Swedish Companies Act, held in the financial year2005. Göteborg, March 2001 Aktiebolaget SKF (publ) The Board of Directors ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/20/20010320BIT00500/bit0002.doc http://www.bit.se/bitonline/2001/03/20/20010320BIT00500/bit0002.pdf