0 16 October 2007

The SKF Group Nine-month results 2007 Tom Johnstone, President and CEO

2 16 October 2007 Major events during the third quarter 2007 SKF signed an agreement to acquire the magnetic bearing company S2M. The acquisition is subject to approval by relevant authorities. SKF and Meridium, Inc. signed an agreement allowing SKF to license and distribute Meridium’s software and to provide consultation, implementation and training services for asset management using Meridium APM software applications. SKF has been selected to be a member of Dow Jones' Sustainability World Indexes (DJSI World) and the pan- European sustainability benchmark (DJSI STOXX) for the eighth year in succession.

3 16 October 2007 SEKm Net sales14,15512,544 Operating profit1,8031,538 Operating margin12.7%12.3%* Profit before taxes1,6461,422 Net profit1, Basic earnings per share, SEK Cash flow after operating investments before financial items 1, Cash flow after operating investments before financial items, excluding acquisitions 1,2371,380 Third quarter 2007 * 11.9% excluding Ovako

4 16 October 2007 SEKm Net sales43,48939,206 Operating profit5,7084,849 Operating margin13.1%12.4%* Profit before taxes5,4284,541 Net profit3,6623,175 Basic earnings per share, SEK Cash flow after operating investments before financial items 1, Cash flow after operating investments before financial items, excluding acquisitions 2,2122,265 Nine months 2007 * 11.7% excluding Ovako

5 16 October 2007 Operating margin %

6 16 October 2007 Operating margin % *excluding income from the jointly controlled company Oy Ovako Ab * 11.3*

7 16 October 2007 Operating margin per division Industrial Service Automotive %

8 16 October 2007 Sales in local currencies (excl. structural changes) % change y-o-y

9 16 October 2007 Growth development / local currency % Y-o-Y Acquisitions / Divestments Organic growth 7.3* 7.5* 14.2 * Excluding effect from Ovako: % %

10 16 October 2007 Net sales development per quarter Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q Percent y-o-y Volume Structure Price / Mix Sales in local currency Currency Net sales

11 16 October 2007 Cash flow, after operating investments before financial items SEKm Cash out from acquisitions (SEKm) : ,129 YTD September Cash in from Ovako (SEKm) : 2006 Q4 1, Q2 46

12 16 October 2007 Net cash (Short-term financial assets - loans) SEKm AB SKF, dividend paid (SEKm) : 2005 Q2 1, Q2 1, Q2 2, Q2, redemption 2, Q2, redemption4,

13 16 October 2007 Inventories as % of annual sales % Target, end 2007: 18%

14 16 October 2007 Return on capital employed ROCE: Operating profit plus interest income, as a percentage of twelve months average of total assets less the average of non interest bearing liabilities. %

15 16 October 2007 September 2007: Outlook for the fourth quarter 2007 (compared to the third quarter 2007) The market demand for SKF's products and services in the fourth quarter of 2007 is expected to be higher for the Group. The demand is expected to be higher in Europe, significantly higher in Asia and Latin America and relatively unchanged in North America. The demand is expected to be higher in all divisions. The manufacturing level for the fourth quarter 2007 will be unchanged compared to the third quarter 2007, while higher in absolute terms due to normal seasonality, and significantly higher than the fourth quarter 2006.

16 16 October 2007 Volume development Daily volume trend for: Q Q Net sales 2006 Europe 54% North America 20% Asia Pacific 18% Latin America 5% Total Outlook Q vs =

17 16 October 2007 Financial targets – long term Operating margin, level12% Growth in local currencies, per annum 6-8% Return on capital employed24% Gearing around 50%

18 16 October 2007 Guidance 2007 Tax level: around 32-33% Financial net Around minus SEK 130 million per quarter Exchange rates on operating profit versus 2006 Q4: a negative effect of approximately SEK 130 million Full year: a negative effect of approximately SEK 630 million Additions to property, plant and equipment: slightly above SEK 2 billion Guidance based on current assumptions and exchange rates

19 16 October 2007 New automotive business Ford Motor Company Front and rear wheel bearings for the new Ford Focus Shanghai Automotive Industry Corporation Front and rear wheel bearings for a new car platform Fiat Group Automobiles Rear wheel bearing for a new Alfa Romeo platform Gigant Group Integrated truck hub unit

20 16 October 2007 New railway business Bombardier Transportation a special tapered roller bearing design to the Ile de France suburban trains Photo: Bombardier Transportation

21 16 October 2007 Cautionary statement This report contains forward-looking statements that are based on the current expectations of the management of SKF. Although management believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those implied in the forward-looking statements as a result of, among other factors, changes in economic, market and competitive conditions, changes in the regulatory environment and other government actions, fluctuations in exchange rates and other factors mentioned in SKF's latest annual report (available on under the Board of Directors' Report; "Most important factors influencing the financial result", "Financial risks" and "Sensitivity analysis", and in this quarterly report under "Risks and uncertainties in the business."

22 16 October 2007