SKF’s programme to improve efficiency, reduce cost and strengthen profitable growth continues

SKF's programme to improve efficiency, reduce cost and strengthen profitable
growth continues as planned. SKF will report restructuring cost of around SEK
250 million in the first quarter of 2013, for the second stage of the programme
that was announced at the beginning of the year (see press release of 14 January
2013).
The cost will mainly have an impact on the business area SKF Industrial Market,
Strategic Industries. More information will be provided in SKF First-quarter
report 2013, which will be published on 17 April at around 08.00 CEST.

Aktiebolaget SKF
       (publ)

AB SKF is required to disclose the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08:00 on 10 April 2013.
Contacts:
MEDIA HOTLINE: 46 31 337 2400

PRESS: Rebecca Janzon, Director, Press Relations
tel: 46 31 337 3880, mobile: 46 727-173880, e-mail: rebecca.janzon@skf.com

INVESTOR RELATIONS: Marita Björk, Head of Investor Relations
tel: 46 31-337 1994, mobile: 46 705-181994, e-mail: marita.bjork@skf.com
SKF is a leading global supplier of
bearings (http://www.skf.com/portal/skf/home/products?contentId=876709&lang=en),
seals (http://www.skf.com/portal/skf/home/products?contentId=238358&lang=en),
mechatronics (http://www.skf.com/portal/skf/home/products?contentId=447144&lang=
e 
n), lubrication systems (http://www.skf.com/portal/skf_lub?lang=en), and
services (http://www.skf.com/portal/skf_lub/home/services?contentId=867934&lang=
e 
n) which include technical support, maintenance and reliability services,
engineering consulting and training. SKF is represented in more than 130
countries and has around 15,000 distributor locations worldwide. Annual sales in
2012 were SEK 64,575 million and the number of employees was 46,775. www.skf.com

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