0 16 April 2008

The SKF Group First-quarter results 2008 Tom Johnstone, President and CEO

2 16 April 2008 Highlights during the first quarter 2008 Acquisition of QPM Aerospace’s metallic rod business. Opened the first machine tool competence centre in Stuttgart, Germany. New contract with: -Siemens Transportation Systems to deliver axleboxes and tapered roller bearing units for new long distance Railjet trains. -British Petroleum to provide proactive reliability maintenance services in the North Sea over a five year period. -Goldwin Science and Technologies Co. Ltd. in China to supply the main shaft seals for their new 1.5 MW wind turbine.

3 16 April 2008 SEKm Net sales15,59614,371 Operating profit2,0401,886 Operating margin13.1% Profit before taxes1,9241,825 Net profit1,2961,214 Basic earnings per share, SEK Cash flow after operating investments before financial items Cash flow after operating investments before financial items, excluding acquisitions First quarter 2008

4 16 April 2008 Operating margin % Long-term target level: 12% 2008

5 16 April 2008 Operating margin % *excluding income from the jointly controlled company Oy Ovako Ab * 13.1 Long-term target level: 12%

6 16 April 2008 Operating margin per division Industrial Service Automotive % Excluding one-time items (eg. restructuring, impairments, capital gains)

7 16 April 2008 Sales in local currencies (excl. structural changes) % change y-o-y

8 16 April 2008 Growth development in local currency % Y-o-Y Acquisitions/Divestments Organic growth 7.5* 13.2 * Excluding effect from Ovako: % Long-term target level: 6-8% per annum 9.7

9 16 April 2008 Net sales development per quarter Q1Q2Q3Q4Q1Q2Q3Q4Q Percent y-o-y Volume Structure Price / Mix Sales in local currency Currency Net sales

10 16 April 2008 Cash flow, after operating investments before financial items SEKm Cash out from acquisitions (SEKm) : , , Q154 Cash in from Ovako (SEKm) : 2006 Q4 1, Q

11 16 April 2008 Net debt (Short-term financial assets minus loans and post-employment benefits) SEKm AB SKF, dividend paid (SEKm) : 2006 Q2 1, Q2 2, Q2, redemption4,

12 16 April 2008 Inventories as % of annual sales % Long-term target level: 18% 2008

13 16 April 2008 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. % Long-term target level: 24%

14 16 April 2008 April 2008: Outlook for the second quarter 2008 (compared to the first quarter 2008) The market demand for SKF’s products and services in the second quarter of 2008 is expected to be higher for the Group. The demand is expected to be higher in Europe, relatively unchanged in North America and significantly higher in both Asia and Latin America. The demand is expected to be higher in the Industrial Division and the Service Division and slightly higher for the Automotive Division. The manufacturing level for the second quarter 2008 will be slightly higher compared to the first quarter 2008, and higher than the second quarter 2007.

15 16 April 2008 Volume development Daily volume trend for: Q Q Net sales 2007 Europe 56% North America 18% Asia Pacific 18% Latin America 5% Total Outlook Q vs =

16 16 April 2008 Guidance for the second quarter 2008 Tax level: 32% Financial net for second quarter: minus SEK 150 million Exchange rates on operating profit versus 2007 Q2: minus SEK 200 million Full year: minus SEK 500 million Additions to PPE: slightly above SEK 2 billion Guidance is approximate and based on current assumptions and exchange rates

17 16 April 2008 Key focus areas ahead Strengthen the platform/segment approach Maintain a positive price/mix Focus on fast growing segments and geographies Drive operational efficiency and Six Sigma Manage material costs and supply Attract and retain the best people Use sustainability as a guiding light

18 16 April 2008 Employee Care Community Care Business Care SKF Corporate Sustainability Environment Care BeyondZero TM SKF Care Operating margin

19 16 April 2008 To equip the world with SKF knowledge SKF Group Vision

20 16 April 2008