SKF sells distribution centre premises in Belgium

SKF sells distribution centre premises in Belgium The SKF Group has sold its European Distribution Centre in Tongeren, Belgium to Belgium-based real estate company Leasinvest. The premises sold include 26 000 m2 of offices and warehouses. The sale price was 13.4 million euro, which corresponds approximately to the book value. At the same time SKF signed a rental agreement with the purchasing company. SKF Logistics Services will continue to operate the premises and serve SKF and external customers with warehousing and distribution as before. The sale is part of the SKF Group's programme to reduce the amount of capital tied up in operations. Göteborg, January 8, 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/2002/01/08/20020108BIT00110/bit0003.doc http://www.waymaker.net/bitonline/2002/01/08/20020108BIT00110/bit0003.pdf