SKF's Stock Option Programme

SKF's Stock Option Programme In accordance with SKF's Stock Option Programme, 271 managers have been granted a total of 589 950 stock options to buy existing SKF B shares. The grant is free of charge and is based on the SKF Group earnings for 2001. Each option gives the right to purchase one existing SKF B share at the exercise price of SEK 246 during a period of six years. The stock options can be exercised to acquire shares two years from the date of granting at the earliest, provided employment with SKF still exists. Göteborg, February 4, 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 Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel. +46 31 337 1000, fax +46 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/2002/02/04/20020204BIT00720/bit0002.doc http://www.waymaker.net/bitonline/2002/02/04/20020204BIT00720/bit0002.pdf