October 2016: SKF demand outlook Q4 2016 Demand compared to the fourth quarter 2015 The demand for SKF’s products and services is expected to be relatively unchanged for the Group and for Industrial. Demand for Automotive is expected to be slightly higher. Demand is expected to relatively unchanged in Europe, lower in North America, slightly higher in Asia and higher in Latin America. Demand compared to the third quarter 2016 The demand for SKF’s products and services is expected to be relatively unchanged for the Group including both Industrial and Automotive. Demand is expected to be slightly higher in Europe, lower in North America and relatively unchanged in Asia and in Latin America.