SKF Annual General Meeting

Press release The Annual General Meeting of Aktiebolaget SKF, Parent Company of the SKF Group, was held in Göteborg on Thursday, April 22, 1999, under the chairmanship of Mr Anders Scharp. The income statements and the balance sheets of the Parent Company and the Group were adopted, together with the Board's proposal for distribution of the surplus. The proposed dividend of SEK 2.00 per share was approved. To be entitled to receive the dividend for 1998, shareholders must be recorded in the share register on April 27. The Annual General Meeting also decided to amend the Articles of Association so that each B share will have 1/10 of a vote instead of 1/1000. The following Board members were reelected: Mr Anders Scharp, Mr Giovanni Mario Rossignolo, Mr Per-Olof Eriksson, Mr Sune Carlsson, Mr Sören Gyll, Mr Helmut Werner, Mr Vito H Baumgartner and Ms Ulla Litzén. Mr Mauritz Sahlin has declined a re-election and will consequently leave the Board. The firm of Arthur Andersen AB was reelected as the Company's auditors. At the statutory meeting of the Board following the Annual General Meeting, Mr Anders Scharp was elected Chairman. Göteborg, April 22, 1999 Aktiebolaget SKF (publ.) Aktiebolaget SKF, SE-415 50 Göteborg, Sweden tel: +46-31-3371000, fax: +46-31-3372832, www.skf.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/04/22/19990422BIT00670/bit0001.doc http://www.bit.se/bitonline/1999/04/22/19990422BIT00670/bit0002.pdf