NEWS

<p style="margin:0px 0px 35px;color:#373737;text-transform:none;line-height:1.8;text-indent:0px;letter-spacing:normal;font-family:Montserrat, Helvetica, Arial, sans-serif;font-size:16px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;box-sizing:border-box;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <span class="xn-location" style="box-sizing:border-box;">GOTHENBURG, Sweden</span>,<span>&nbsp;</span><span class="xn-chron" style="box-sizing:border-box;">June 28, 2019</span><span>&nbsp;</span>/PRNewswire/ --&nbsp;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. </p> <p style="margin:0px 0px 35px;color:#373737;text-transform:none;line-height:1.8;text-indent:0px;letter-spacing:normal;font-family:Montserrat, Helvetica, Arial, sans-serif;font-size:16px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;box-sizing:border-box;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> As per 28 June the Company's share capital amounts to<span>&nbsp;</span><span class="xn-money" style="box-sizing:border-box;">SEK 1,138,377,670</span><span>&nbsp;</span>and the total number of shares amounts to 32,735,809 shares of Series A and 422,615,259 shares of Series B. The number of votes in the Company amounts to 74,997,334. </p> <p style="margin:0px 0px 35px;color:#373737;text-transform:none;line-height:1.8;text-indent:0px;letter-spacing:normal;font-family:Montserrat, Helvetica, Arial, sans-serif;font-size:16px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;box-sizing:border-box;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> AB SKF does not hold any own shares. </p> <p style="margin:0px 0px 35px;color:#373737;text-transform:none;line-height:1.8;text-indent:0px;letter-spacing:normal;font-family:Montserrat, Helvetica, Arial, sans-serif;font-size:16px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;box-sizing:border-box;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> Aktiebolaget SKF </p> <p style="margin:0px 0px 35px;color:#373737;text-transform:none;line-height:1.8;text-indent:0px;letter-spacing:normal;font-family:Montserrat, Helvetica, Arial, sans-serif;font-size:16px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;box-sizing:border-box;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> (publ) </p> <p style="margin:0px 0px 35px;color:#373737;text-transform:none;line-height:1.8;text-indent:0px;letter-spacing:normal;font-family:Montserrat, Helvetica, Arial, sans-serif;font-size:16px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;box-sizing:border-box;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> This is information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at<span>&nbsp;</span><span class="xn-chron" style="box-sizing:border-box;">09:00 CET</span><span>&nbsp;</span>on<span>&nbsp;</span><span class="xn-chron" style="box-sizing:border-box;">28 June 2019</span>. </p>