The listing of SKF's Indian subsidiary continues

In February, 2005, SKF announced its intention to purchase the outstanding publicly held shares of its subsidiary SKF India Limited and to delist it from the stock markets in India. SKF presently holds 53.58% of the equity shares in the company.

The Reverse Book Building Process in accordance with the Delisting Guidelines has now come to an end and the result is that the shareholding level required for delisting has not been attained. In addition, SKF has not accepted the price per share tendered for the offered shares. Consequently, the Process has been discontinued and business will be carried on as before. Göteborg, May 30, 2005 Aktiebolaget SKF (publ.) Contacts: PRESS: Lars G Malmer, SKF Group Communication, tel. +46 (0)31 3371541, mobile. +46 (0)705 371451, e-mail: Lars.G.Malmer@skf.com IR: Marita Björk, SKF Investor Relations, tel. +46 (0)31 337 1994, mobile. +46 (0)705 181994, e-mail: Marita.Bjork@skf.com