The SKF Group Nine-month result, 2005 Tom Johnstone, President and CEO

3 MSEK Net sales Operating profit Operating margin12.1%10.6% Profit before taxes Net profit Earnings per share, SEK Cash flow after investments before financing Third quarter 2005

4 MSEK Net sales Operating profit Operating margin11.0%9.8% Profit before taxes Net profit Earnings per share, SEK Cash flow after investments before financing 1 901*1 610 Nine-month result 2005 * MSEK before the acquisitions and the purchase of minority shareholding in previously acquired companies.

5 Areas in focus 2005 Performance Q Operating margin level Maintain a positive price/mix Recovery of raw material cost increase Continued sales growth Maintain organic growth pace Structure (mainly Ovako) Strengthen the platform/segment offer Cash flow before financing and acquisitions 2.1% Ongoing 7.2% -2.9% Ongoing MSEK 1 495

6 Major events during the quarter Doubling of manufacturing capacity in Indonesia Locomotive axle boxes order from Alstom X-Tracker hub units for 2006 Cadillac STS-V Sustainability - For the sixth year: DJSI World and DJSI STOXX - For the fifth year: FTSE4Good

7 Operating margin* % * excluding restructuring and impairment in Q

8 Operating margin per division* Industrial Service Aero and Steel excl. Ovako Electrical Automotive % * excl. restructuring and impairment in Q4, 2003 and in Q2,

9 Sales in local currencies (excl. structural changes) % change y-o-y

10 Sales in local currency (incl. structural changes) % change y-o-y

11 Group sales volume vs Industrial production

12 Growth development / local currency 6% annual growth rate (whereof 4% organic) % Y-o-Y Acquisitions / Divestments Organic growth Up to September (Organic 9.9, Net acq/div -0,2)

13 Net sales development per quarter Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q Percent y-o-y Volume Structure Price / Mix Sales in local currency Currency Net sales 2005

14 Inventories as % of annual sales %

15 Cash flow, after investments before financing MSEK

16 Net cash MSEK Dividend paid: 2001 Q2, MSEK Q2, MSEK Q2, MSEK Q2, MSEK Q2, MSEK Q2, Pension: MSEK Q2, Redemption, MSEK (Short-term financial assets - loans) 2005

17 Net interest bearing liabilities MSEK (Short-term financial assets - loans - net postemployment benefits)

Accumulated change in the number of employees 2002 acquisitions capacity adjustment and restructuring Employees

19 Fixed assets / Sales % % Up to September

20 SKF Group targets 10% Operating margin level 6% Growth per annum 20% ROCE 18% Inventory / sales

21 October 2005: Outlook for the fourth quarter The market demand for SKF's products and services in the fourth quarter, compared to the previous quarter, is expected to remain on a high level in Europe, to be slightly higher in North America, significantly higher in Asia and to remain on a high level in Latin America. This is in addition to normal seasonality. The manufacturing level will be unchanged during the fourth quarter, compared to the third quarter, while higher in absolute terms due to normal seasonality.

22 Volume trend for the fourth quarter 2005 Europe 57% 20% 15% 5% North America Asia Pacific Latin America Net sales 2004 October 2005 Total July 2005 Note: This is the sequential development

23 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 20- F report on file with the SEC (United States Securities and Exchange Commission) under "Forward-Looking Statements" and "Risk Factors".