NEWS

<p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <span style="color:#000000;font-family:Arial;font-size:12px;">SKF intends to consolidate its North American industrial seals manufacturing footprint. As part of the process, SKF intends to close its manufacturing site in Seneca, Kansas. Production will be transferred to other sites in North America, the development and manufacturing facility in Salt Lake City, where investments are being made in increasing technical capabilities and capacity.</span> </p> <p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <img alt="" src="http://www.bearing.com.cn/membcentre/editor/attached/image/20190226/20190226132104_10241.png" /> </p> <p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <span style="color:#000000;font-family:Arial;font-size:12px;">The consolidation process supports SKF’s long-term ambition of integrating regional manufacturing, engineering and technology efforts, adding more value for customers.</span> </p> <p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <span style="color:#000000;font-family:Arial;font-size:12px;">The transfer from Seneca will take place over the next 18 months and will impact approximately 170 staff.</span> </p>