SKF's acquisition of UK bearings business finalised

SKF's acquisition of UK bearings business finalised SKF's acquisition of 75 percent of the shares in NSK Aerospace Europe Ltd. at Stonehouse in UK has now been finalised. The agreement is signed and SKF will take over the operations as from May 1, 2002. The company, whose name will now be changed to Aeroengine Bearings UK, designs, manufactures and sells bearings for main shafts and gearboxes for jet engines. The main customer is Rolls Royce. The company has some 260 employees, and the annual sales figure is about 230 million SEK. Göteborg, April 22, 2002 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel. +46 31 337 1541, e-mail: Lars.G.Malmer@skf.com Marita Björk, Investor Relations, tel. +46 31 337 1994, 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/2002/04/22/20020422BIT00750/wkr0001.doc http://www.waymaker.net/bitonline/2002/04/22/20020422BIT00750/wkr0002.pdf