1. 16 October 2008

2. The SKF Group Nine-month results 2008 Tom Johnstone, President and CEO

3. 16 October 2008 Highlights during the third quarter 2008 announced it will be investing around SEK 400 million in its facilities in Göteborg, Sweden for a further increase of capacity. signed an agreement to acquire GLO s.r.I and its manufacturing operation in Italy. The acquisition is subject to certain conditions of closing and requires approvals by relevant authorities. was awarded a long-term contract from Skoda Electric a.s. SKF will provide traction motor bearing units for the new Prague 15T low floor tramway generation. completed the acquisition of PEER Bearing Company and its manufacturing operations in China and Thailand. SKF Photo: Skoda Electric a.s. 3

4. 16 October 2008 launched through the network of SKF authorized distributors the latest SKF Energy Efficient performance class bearings. launched new condition based maintenance solutions to the railway industry to achieve lower life cycle cost. launched the Distributor Value Program to support SKF Authorized Distributors in documenting value to customers. launched the first series of a new generation super-precision bearings. was included in the Dow Jones Sustainability Indexes for the ninth year in succession. SKF Highlights during the third quarter 2008 4

5. 16 October 2008 SEKm 20082007 Net sales15,38114,155 Operating profit2,0851,803 Operating margin13.6%12.7% Profit before taxes1,8591,646 Net profit1,2571,174 Basic earnings per share, SEK2.672.48 Cash flow after operating investments before financial items -5261,274 Cash flow after operating investments before financial items, excluding acquisitions 5281,237 Third quarter 2008 5

6. 16 October 2008 SEKm 20082007 Net sales47,05443,489 Operating profit6,2605,708 Operating margin13.3%13.1% Profit before taxes5,7615,428 Net profit3,9223,662 Basic earnings per share, SEK8.397.76 Cash flow after operating investments before financial items 2151,509 Cash flow after operating investments before financial items, excluding acquisitions 1,3312,212 First nine months 2008 6

7. 16 October 2008 Operating margin % 2006 2007 Long-term target level: 12% 2008 7

8. 16 October 2008 Operating margin % *excluding income from the jointly controlled company Oy Ovako Ab 12.6 12.9 11.3* 13.3 Long-term target level: 12% 8

9. 16 October 2008 Operating margin per division Industrial Service Automotive % 2006 20072008 Excluding one-time items (eg. restructuring, impairments, capital gains) 9

10. 16 October 2008 Sales in local currencies (excl. structural changes) % change y-o-y 2006 2007 2008 10

11. 16 October 2008 Growth development in local currency % Y-o-Y Acquisitions/Divestments Organic growth 7.5* 13.2 * Excluding effect from Ovako:2006 10.1% Long-term target level: 6-8% per annum 10.2 11

12. 16 October 2008 Net sales development per quarter Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3 6.02.53.38.87.96.99.06.34.96.22.7 -4.9-0.51.14.64.04.63.71.0 1.30.5 2.92.0 2.31.82.72.03.23.84.06.4 4.0 6.415.713.714.214.710.59.711.59.6 8.01.0-2.1-5.8-5.6-2.3-1.9-2.0-1.2-4.1-0.9 12.05.04.39.98.111.912.88.5 7.48.7 Percent y-o-y Volume Structure Price / Mix Sales in local currency Currency Net sales 2006 2007 2008 12

13. 16 October 2008 Cash flow, after operating investments before financial items 2006 2007 SEKm Cash out from acquisitions (SEKm) : 2006 2,129 20071,209 2008 YTD1,116 Cash in from Ovako (SEKm) : 2006 Q4 1,217 2007 Q2 46 2008 13

14. 16 October 2008 Net debt (Short-term financial assets minus loans and post-employment benefits) SEKm AB SKF, dividend paid (SEKm) : 2006 Q2 1,821 2007 Q2 2,049 2008 Q22,277 Redemption (SEKm) : 2007 Q2 4,554 2008 Q22,277 2006 20072008 14

15. 16 October 2008 Inventories as % of annual sales % 2006 2007 Long-term target level: 18% 2008 15

16. 16 October 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% 16

17. 16 October 2008 October 2008: Outlook for the fourth quarter 2008 The demand for SKF products and services, based on current assumptions, is expected to be slightly lower in the fourth quarter both compared to the third quarter this year (seasonally adjusted) and the fourth quarter last year. In Europe and North America the demand is expected to be slightly lower, in Latin America higher and in Asia significantly higher. From a divisional viewpoint, the demand is expected to be higher in the Industrial Division, slightly higher in the Service Division and significantly lower in the Automotive Division. The manufacturing level for the Group in the fourth quarter will be lower to reflect this new demand situation and to reduce inventory. 17

18. 16 October 2008 Volume development (based on current assumptions) Daily volume trend for: Q3 2008 Q4 2008 Net sales 2007 Europe 56% North America 18% Asia Pacific 18% Latin America 5% Total Outlook Q4 2008 vs 2007 - - +++ ++ - 18

19. 16 October 2008 15%Cars 5%Trucks 10%VSM 3%Electrical and two-wheeler 22%Industrial OEM, General+Special 23%Industrial distribution 11%Industrial OEM, Heavy+Off-highway 5%Aerospace 3%Railway 3%Energy Expected demand by main segment – Q4 (based on current assumptions) Net sales 2007 19

20. 16 October 2008 Guidance for the fourth quarter 2008 Tax level: 32% Financial net for fourth quarter: SEK -200 million Exchange rates on operating profit versus 2007 Q4: SEK +100 million Full year: SEK -270 million Additions to PPE: around SEK 2.5 billion Guidance is approximate and based on current assumptions and exchange rates 20

21. 16 October 2008 AB SKF, long-term debt structure Amount in millionMaturity Euro BondEUR 2502010-06 SEK BondSEK 1,5002011-06 Term loan in euro 1) EUR 1502013-06 Euro BondEUR 5002013-06 Euro loan 2) EUR 1002016-06 1)SKF can repay at any time before maturity. 2)SKF can repay from 2010-06 21

22. 16 October 2008 Key focus areas ahead Protect profit and cash flow 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 22

23. 16 October 2008 Community Care Business Care SKF Corporate Sustainability Environment Care BeyondZero TM SKF Care Operating margin Employee Care 23

24. 16 October 2008 SKF Group Vision To equip the world with SKF knowledge 24

25. 16 October 2008