Date: 2013-08-01

SKF Charges SEK 150 Million to its Financial Net Due to Vendor Loan to Ovako

(Gothenburg, 12 October 2010)

SKF divested its holding in Oy Ovako Ab in 2006 and a vendor note due for repayment in 3-6 years was issued by the buyer. For more details please see the press release dated 17 July 2006.

Due to a change of ownership in Ovako the company's debt position, including the vendor note, has been restructured. As a result of this, SKF will have a negative effect of around SEK 150 million, with no cash effect, in its financial net for the third quarter.

Ovako is an important supplier to SKF and will continue to be considered so under the new ownership.

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