SKF sells research centre premises in the Netherlands

SKF sells research centre premises in the Netherlands The SKF Group has sold the 18,000 m² site and the premises, built in 1971, of the Group's Research and Development Centre in the Netherlands to the Dutch real estate group WS Vastgoed Westersuyker N.V. The sale price was MNLG 44.6. At the same time SKF signed a rental agreement with the purchasing company. The sale is part of the SKF Group's programme to reduce the amount of capital tied up in operations. SKF will be reporting one-time profits of approximately net MSEK 100 before taxes for the first quarter of 2000. Göteborg, March 30, 2000 Aktiebolaget SKF (Publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel: +46-31-3371541, e-mail: lars.g.malmer@skf.com 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/2000/03/30/20000330BIT00700/bit0001.doc http://www.bit.se/bitonline/2000/03/30/20000330BIT00700/bit0002.pdf