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;"> <p> <span style="color:#000000;font-family:Arial;font-size:12px;background-color:#000000;">Due to a conversion of shares from Series A to Series B in accordance with AB SKF’s Articles of Association, the Company confirms the following.</span> </p> <p> <br /> </p> <p> <img alt="" src="http://www.bearing.com.cn/membcentre/editor/attached/image/20190627/20190627093655_47120.png" /> </p> <p> <br /> </p> <p> <span style="color:#000000;font-family:Arial;font-size:12px;background-color:#000000;">As per 29 May the Company’s share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 33,110,809 shares of Series A and 422,240,259 shares of Series B. The number of votes in the Company amounts to 75,334,834.</span> </p> <p> <span style="color:#000000;font-family:Arial;font-size:12px;background-color:#000000;">AB SKF does not hold any own shares.</span> </p> </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;background-color:#000000;">About SKF</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;background-color:#000000;">&nbsp;SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2018 were SEK 85 713 million and the number of employees was 44 428. www.skf.com&nbsp; </span> </p>