Reduction of personnel at Ovako Steel

Reduction of personnel at Ovako Steel The discussions between the management of Ovako Steel and the unions regarding the restructuring of the company have now been finalized. The number of employees will be reduced with 165, which represents some eight percent of the registered number of employees. The production capacity of Ovako Steel will not be affected by this change. The cost of this restructuring is included in the provisions for the fourth quarter, announced in the nine-month report in October last year. Göteborg, January 12, 2004 Aktiebolaget SKF (publ.) For further information, please contact: PRESS: Lars G Malmer, SKF Group Communication, tel. +46 (0)31 337 1541, e-mail: Lars.G.Malmer@skf.com IR: Marita Björk, SKF Investor Relations, tel. +46 (0)31 3371994, e- mail: Marita.Bjork@skf.com Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel. +46 (0)31 337 1000, fax +46 (0)31 337 2832, www.skf.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/12/20040112BIT00890/wkr0001.doc http://www.waymaker.net/bitonline/2004/01/12/20040112BIT00890/wkr0002.pdf