1. 0 15 July 2011

2. SKF Half-year results 2011 Tom Johnstone, President and CEO 15 July 2011

3. 2 Q2 2011 Strong performance 20112010 Operating profit,SEKm2,6232,239 Operating margin, % 15.714.3 Profit before tax, SEKm2,4462,047 Cash flow, SEKm1,3001,160 Strong organic sales growth in local currency: SKF Group: +14.2% Europe:+14.0%Industrial Division:+18.5% North America:+15.8%Service Division:+16.6% Asia:+16.9%Automotive Division: +6.2% Latin America: +2.9% Outlook for Q3 for SKF Group Demand Significantly higher compared to Q3 2010 Slightly higher sequentially compared to Q2 2011 Manufacturing level Significantly higher year over year Relatively unchanged compared to Q2 2011

4. 3 15 July 2011 H1 2011 Strong performance H1 2011H1 2010 Operating profit, SEKm 5,1273,941 Operating margin, % 15.313.1 Profit before tax, SEKm 4,7643,551 Cash flow, SEKm 1,6721,192 Strong organic sales growth in local currency: H1 2011 SKF Group: +17.6% Europe:+17.7% North America: +20.1% Asia: +19.2% Latin America: +10.0% Industrial Division: +19.7% Service Division: +19.3% Automotive Division: +12.6%

5. 4 15 July 2011 SKF and Chalmers University of Technology agreed to establish a University Technology Centre (UTC) within the area of sustainability and environment. SKF issued a EUR 500 million Eurobond with a maturity of seven years. SKF Logistics Services was awarded ”Best service provider” by the Belgian Shippers’ Council Organization of Traffic Management (OTM). SKF awarded and celebrated its 100,000th certificate in the SKF Distributor College. SKF signed a strategic partnership agreement with Maanshan Iron & Steel (MaSteel) in Nanjing, China. SKF Asset Management conference was held in Buenos Aires, Argentina Highlights Q2 2011

6. 5 15 July 2011 New businesses in Q2 2011 SKF: entered a long-term contract with Bombardier Aerospace to supply over 40 different rod assemblies and titanium bearings. signed a contract, worth EUR 15 million, with MAN Diesel Turbo for magnetic bearings and related electronic components to be used in two sub-sea natural gas sets of compressors. entered into a project with Volvo Car Corporation and Volvo Group aimed at evaluating industrialization of flywheel systems. gained new business in Columbia for the remanufacturing of large size bearings. expanded the range of the SKF Hub Knuckle Module. The Ferrari 458 Italia sports car is equipped with this new single nut hub bearing unit.

7. 6 15 July 2011 Example of new products SKF DryLube bearings New series of virtually maintenance free bearings with an extended service life in extreme temperatures. The main areas for SKF DryLube is within the metal industry and the food & beverage industry. SKF Low Weight Hub Bearing Unit A new wheel-end solution that contributes to a significant weight reduction and thereby reduces fuel consumption and CO 2 emissions. This hub bearing unit is mainly for larger cars and light trucks SKF Double Clutch Bearing Set Provides higher efficiency and reduces fuel consumption and CO 2 emissions for double clutch transmissions compared to standard transmissions. This bearing set is mainly for cars.

8. 7 15 July 2011 Sales volume % change y-o-y 2009 2010 2011

9. 8 15 July 2011 Organic growth in local currencies % change y-o-y 2009 2010 2011

10. 9 15 July 2011 Europe +14% Asia/Pacific +17% Latin America +3% Middle East & Africa +12% North America +16% Growth development by geography Organic growth Q2 2011 vs Q2 2010

11. 10 15 July 2011 Europe +18% Asia/Pacific +19% Latin America +10% Middle East & Africa +8% North America +20% Growth development by geography Organic growth H1 2011 vs H1 2010

12. 11 15 July 2011 Growth in local currency % y-o-y Acquisitions/Divestments Organic growth -19.0% 14.2% 22.3% Long-term target: 8% per annum Total growth 4.7% 17.6% 0.0% 14.2% 1.0% -20.0%

13. 12 15 July 2011 Components in net sales Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2 -26.9-30.8-24.9-14.15.316.619.016.320.112.6 1.41.11.20.40.0 5.04.4 7.15.63.70.3-0.3-0.50.30.91.31.6 -18.4-24.1-20.0-13.45.016.119.317.226.418.6 13.612.26.6-1.4-7.7-5.2-3.2-6.2-10.8-12.2 -4.8-11.9-13.4-14.8-2.710.916.111.015.66.4 Percent y-o-y Volume Structure Price / Mix Sales in local currency Currency Net sales 2009 2010 2011

14. 13 15 July 2011 Operating profit SEKm 2009 Restructuring and one-time items 2010 2011

15. 14 15 July 2011 Operating margin % 2009 Restructuring and one-time items 2010 Long-term target level: 15% 2011

16. 15 15 July 2011 Operating margin % 5.7 8.0* Restructuring and one-time items * Excluding restructuring and one-time items 15.3 Long-term target level: 15% 14.2* 13.8

17. 16 15 July 2011 Operating margin per division Industrial Service Automotive % Excluding one-off items (eg. restructuring, impairments, capital gains) 2009 2010 2011

18. 17 15 July 2011 SEKm 20112010 Net sales16,71215,709 Operating profit2,6232,239 Operating margin, %15.714.3 Profit before taxes2,4462,047 Net profit1,7431,451 Basic earnings per share, SEK3.763.09 Cash flow, after investments before financing 1,3001,160 Second quarter 2011

19. 18 15 July 2011 SEKm 20112010 Net sales33,41430,155 Operating profit5,1273,941 Operating margin, %15.313.1 Profit before taxes4,7643,551 Net profit3,3632,521 Basic earnings per share, SEK7.205.36 Cash flow, after investments before financing 1,6721,192 Half year 2011

20. 19 15 July 2011 Inventories as % of annual sales % Long-term target level: 18% 2009 2010 2011

21. 20 15 July 2011 Cash flow, after investments before financing SEKm 2009 2010 Cash out from acquisitions (SEKm) : 2009241 20106,799 20116 2011 * SEK 798 million, excluding the acquisition of Lincoln Industrial. *

22. 21 15 July 2011 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. % 9.1 24.0 Long-term target: 27% 25.9

23. 22 15 July 2011 Net debt (Short-term financial assets minus loans and post-employment benefits) SEKm AB SKF, dividend paid (SEKm) : 2009 Q21,594 2010 Q21,594 2011 Q22,277 2009 2010 Cash out from acquisitions (SEKm) : 2009241 20106,799 20116 2011

24. 23 15 July 2011 Debt structure Maturity years, EURm 446 100 Credit facilities: EUR 500 m 2014 SEK 3,000 m 2017 No financial covenants nor material adverse change clause 130 500 0 0 0

25. 24 15 July 2011 July 2011: Outlook for the third quarter 2011 Demand compared to the third quarter last year The demand for SKF’s products and services is expected to be significantly higher for the Group as well as for Asia and Latin America. For Europe and North America it is expected to be higher. It will be significantly higher for the Industrial Division and for the Service Division and higher for the Automotive Division. Demand compared to the second quarter 2011 and adjusted for normal seasonality The demand for SKF’s products and services is expected to be slightly higher for the Group as well as for North America. It is expected to be relatively unchanged for Europe, higher in Asia and significantly higher in Latin America. For the Industrial Division and the Service Division it is expected to be slightly higher and for the Automotive Division relatively unchanged. Manufacturing level The manufacturing level will be significantly higher year on year and relatively unchanged compared to the second quarter, adjusted for normal seasonality.

26. 25 15 July 2011 Demand outlook, regions (based on current assumptions and adjusted for normal seasonality) Sequential trends for: Q2 2011 Q3 2011 Share of net sales 2010 Europe46% North America18% Asia Pacific27% Latin America6% Total Q3 2011 vs Q3 2010 ++ +++

27. 26 15 July 2011 Demand outlook, divisions (based on current assumptions and adjusted for normal seasonality) Sequential trends for Q3 2011 Share of net sales 2010 Industrial32% Service36% Automotive30% Total Q3 2011 vs Q3 2010 +++ ++ +++

28. 27 15 July 2011 14% 12% 5% 25% 18% 10% 5% 4% 3% Cars Vehicle Service Market Energy Industrial distribution Industrial OEM, General+Special Industrial OEM, Heavy + Off-highway Aerospace Railway Trucks Electrical and two-wheeler Sequential volume trend main segments Q3 2011 (based on current assumptions and adjusted for normal seasonality) Share of net sales 2010

29. 28 15 July 2011 Guidance for the third quarter 2011 Tax level: around 30% Financial net for the third quarter: Around SEK -175 m Exchange rates on operating profit versus 2010 Q3: SEK -400 m Full year: SEK -1.3 bn Additions to PPE: Around SEK 2.0 bn for 2011 Guidance is approximate and based on current assumptions and exchange rates.

30. 29 15 July 2011 Key focus areas ahead 2011 Profit and cash flow - manage currency and material headwinds Manufacturing and suppliers to support growth Growing segments and geographies Initiatives and actions to support long term targets Integration of Lincoln Industrial Business Excellence and competence development One SKF and SKF Care as guiding lights

31. 30 15 July 2011 Cautionary statement This presentation 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 www.skf.com) under the Administration Report; “Important factors influencing the financial results", "Financial risks" and "Sensitivity analysis”.

32. 31 15 July 2011