2. 2006-10-17 The SKF Group Nine-month result, 2006 Tom Johnstone, President and CEO

3. 3 2006-10-17 Acquisitions and divestments Completed: Macrotech Polyseal Inc., a leader in fluid power seals. SNFA SAS, a leading French manufacturer of bearings for aerospace and machine tool applications. The lubrication systems business of John Crane Safematic Oy, part of Smiths Group plc. Economos, a manufacturer of hydraulic and pneumatic seals. Precision Balancing & Analyzing, specialized in repair of machine tool spindles. Monitek Australia, a leading Australian predictive maintenance service company. RC DEI Norge AS, provides services for condition based maintenance Still subject to customary due diligence and/or regulatory approvals: Rautaruukki Corporation, AB SKF and Wärtsilä Corporation have signed an agreement whereby their jointly held company, Oy Ovako Ab, will sell its operating subsidiaries. Divestment of SKF's forging business at the Luchow factory in Germany to Johann Hay GmbH & Co KG.

4. 4 2006-10-17 MSEK20062005 Net sales12,54412,027 Operating profit1,5381,464 Operating margin12.3%12.2% Profit before taxes1,4221,480 Net profit9661,025 Basic earnings per share, SEK2.062.20 Cash flow after investments before financing -141*1,495 Third quarter 2006 * MSEK 1,382, before acquisitions.

5. 5 2006-10-17 MSEK20062005 Net sales39,20636,637 Operating profit4,8494,059 Operating margin12.4%11.1% Profit before taxes4,5413,978 Net profit3,1752,745 Basic earnings per share, SEK6.815.88 Cash flow after investments before financing 604*1,901* Nine-month result 2006 * MSEK 2,272 (2,366), before acquisitions.

6. 6 2006-10-17 Operating margin % 2003 20042005 2006

7. 7 2006-10-17 Operating margin excl. income from jointly controlled company OY Ovako Ab % 2003 20042005 2006

8. 8 2006-10-17 Operating margin per division Industrial Service Automotive % 2004 2005 2006

9. 9 2006-10-17 Sales in local currencies (excl. structural changes) % change y-o-y 2003 20042005 2006

10. 10 2006-10-17 Net sales development per quarter Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3 4.88.99.610.28.37.65.11.36.02.53.3 0.10.02.22.02.30.2-2.9-3.7-4.9-0.51.1 1.82.34.23.6 2.12.62.92.0 6.010.714.116.414.211.44.30.24.0 6.4 -4.6-2.3-2.9-3.8-3.20.23.29.48.01.0-2.1 1.48.411.212.611.011.67.59.612.05.04.3 Percent y-o-y 2004 Volume Structure Price / Mix Sales in local currency Currency Net sales 2005 2006

11. 11 2006-10-17 Growth development / local currency 6% annual growth rate (whereof 4% organic) % Y-o-Y Acquisitions / Divestments Organic growth (Organic 6.3) 7.3 5.2 11.8 4.7

12. 12 2006-10-17 Growth development / local currency excluding the effect from the Ovako divestment % Y-o-Y 10.4 5.2 11.8 7.3

13. 13 2006-10-17 Cash flow, after investments before financing MSEK 20042005 2006 Cash out from acquisitions: 2006 MSEK 1,668 (mainly SNFA in Q3) 2005 MSEK 419 (mainly Jaeger in Q2) 2004 MSEK 644 (mainly Vogel in Q3)

14. 14 2006-10-17 Cash flow, after investments before financing and acquisitions MSEK 20042005 2006

15. 15 2006-10-17 Net cash MSEK 2003 AB SKF, dividend paid: 2003 Q2, MSEK 911 2004 Q2, MSEK 1,138 2005 Q2, MSEK 1,366 2006 Q2, MSEK 1,821 2004 Q2, Pension: MSEK 3,100 2005 Q2, Redemption, MSEK 2,846 2004 (Short-term financial assets - loans) 2005 2006

16. 16 2006-10-17 Inventories as % of annual sales % 2003 20042005 Target, end 2007 - 18% 2006

17. 17 2006-10-17 Financial net Interest income/expense, net-32-65-29 Interest on post-employment benefits-57-172-235 Other items*, net-27-71190 Financial net-116-308 -74 *includes e.g. share swaps, capital gains/losses and foreign exchange gains/losses. MSEK YTD Q3 2006 Full year 2005 Q3 2006

18. 18 2006-10-17 October 2006: Outlook for the fourth quarter 2006 (compared to the third quarter 2006) The market demand for SKF's products and services in the fourth quarter of 2006 is expected to be slightly higher. The demand is expected to be higher in Europe and Latin America, significantly higher in Asia and to be lower in North America. The demand for the Industrial and Service Division's products and services is expected to be higher and for the Automotive Division is expected to be slightly lower. The manufacturing level for the fourth quarter of 2006 will be unchanged, while higher in absolute terms due to normal seasonality.

19. 19 2006-10-17 Volume development Daily volume trend for: Q3 2006 Q4 2006 Net sales 2005 Europe 55% North America 20% Asia Pacific 17% Latin America 5% Total Outlook Q4 2006 vs 2005 + - +++ + +

20. 20 2006-10-17 SKF Group targets 10% Operating margin level 6% Growth per annum 20% ROCE 18% Inventory / sales 2006 2007

21. 21 2006-10-17 Guidance 2006 Underlying tax level: around 32-33% Financial net, annual level: approximately MSEK 350 For the fourth quarter, exchange rates are estimated to have a limited negative effect on the operating profit. For the full year, the positive effect is estimated to be approximately MSEK 250. This is based on current assumptions and exchange rates. Additions to property, plant and equipment: approximately in line with depreciations

22. Acquisition - SNFA Sales in 2005: 82 million euro 720 employees Bearings for the aerospace industry, high precision ball bearings for machine tool and other special applications Price: 138.5 million euro (cash and debt free)

23. 23 2006-10-17 Acquisition - Economos Sales in 2005: close to 70 million euro 805 employees Sealing solutions and engineering plastics solutions Price: 67 million euro cash and debt free

24. 24 2006-10-17 Acquisition - Safematic lubrication system business Sales in 2005: 25 million euro 127 employees John Crane Safematic Oy's lubrication systems business is part of Smiths Group plc. Price: 22.9 million euro

25. 25 2006-10-17 Acquisitions Monitek Australia Yearly sales:4.3 million Australian dollars 29 employees A leading predictive maintenance services company. Precision Balancing & Analyzing Yearly sales:7 million US dollars 40 employees Specialized in repair and upgrading of machine tool spindles. Price: 62 million SEK in total

26. New factories in China Two new factories started to operate during the third quarter: In Dalian, North East of China - manufacturing of large size bearings In Pinghu, outside Shanghai - electromechanical actuators and actuation systems

27. 27 2006-10-17 SKF College In September, SKF inaugurated a new regional training centre in Pinghu, outside Shanghai - the fourth SKF College in the world. SKF Colleges offers a wide range of training for SKF employees, distributors and customers.

28. 28 2006-10-17 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".