1. 0 21 April 2009

2. The SKF Group First-quarter results 2009 Tom Johnstone, President and CEO

3. 2 21 April 2009 Highlights in the first quarter 2009 SKF gained an order from CSR Zhuzhou Electric Locomotive Co., Ltd. ZELC. 500 electric locomotives, for Chinese railways, will be equipped with SKF axleboxes and drive system bearings. Order value: EUR 14 m. won a new contract for the supply of tapered roller bearings to Guangdong Fuwa Engineering Manufacturing Co Ltd. Order value: USD 14 m. Photo: CSR Zhuzhou Electric Locomotive

4. 3 21 April 2009 SEKm 20092008 Net sales14,84915,596 Operating profit7682,040 Operating margin5.213.1 Profit before taxes5311,924 Net profit3941,296 Basic earnings per share, SEK0.862.77 Cash flow after investments before financial items 523-131 First quarter 2009

5. 4 21 April 2009 Growth in local currency % y-o-y Acquisitions/Divestments Organic growth 13.2 Long-term target level: 6-8% per annum 7.1 - 18.4

6. 5 21 April 2009 Sales in local currencies (excl. structural changes) % change y-o-y 2007 2008 2009

7. 6 21 April 2009 Sales volume % change y-o-y 2007 2008 2009

8. 7 21 April 2009 Components in net sales Q1Q2Q3Q4Q1Q2Q3Q4Q1 7.96.99.06.34.96.22.7-13.0 -26.9 4.04.63.71.0 1.30.52.41.4 1.82.72.03.23.84.06.48.57.1 13.714.214.710.59.711.59.6-2.1-18.4 -5.6-2.3-1.9-2.0-1.2-4.1-0.910.313.6 8.111.912.88.5 7.48.78.2-4.8 Percent y-o-y Volume Structure Price / Mix Sales in local currency Currency Net sales 2007 2008 2009

9. 8 21 April 2009 Operating margin % 12.9 12.2 Long-term target level: 12% 5.2 13.3* 12.7* 6.4* Restructuring and one-time items * Excluding restructuring and one-time items

10. 9 21 April 2009 Operating margin % 2007 Long-term target level: 12% 2008 2009

11. 10 21 April 2009 Operating margin per division Industrial Service Automotive % 20072008 Excluding one-off items (eg. restructuring, impairments, capital gains) 2009

12. 11 21 April 2009 Activities to adapt to lower demand Restructuring/impairment programmes People Costs charged to operating profit - announced Q4 2008, around2,500SEK 340 m - announced Q1 2009, around500SEK 175 m 3,000SEK 515 m At the end of March 2009, around 1,300 people had left under the programmes. In total, around 2,600 people left the Group during H2 2008 and Q1 2009. Around 6,000 people in short-time working (Q1 2009).

13. 12 21 April 2009 Inventories as % of annual sales % 2007 Long-term target level: 18% 2008 x excl. currency effects 2009 Inventories versus Q4 2008, in local currencies, were reduced by around SEK 500 million.

14. 13 21 April 2009 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% 24.9 24.0 18.7

15. 14 21 April 2009 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 20072008 2009

16. 15 21 April 2009 AB SKF, long-term debt structure Amount in millionMaturity Euro BondEUR 2502010-06 SEK BondSEK 1,5002011-06 Term loan in euro EUR 1502013-06 Euro BondEUR 5002013-12 Euro loan EUR 1002016-06 Euro loanEUR 1002014-03

17. 16 21 April 2009 Cash flow, after investments before financial items 2007 SEKm Cash out from acquisitions (SEKm) : 20071,209 2008 1,284 2008 2009

18. 17 21 April 2009 April 2009: Outlook for the second quarter 2009 The demand for SKF products and services is expected to be significantly lower in the second quarter compared to the second quarter last year for the Group in total, for all the Divisions and for all regions. Compared to the first quarter, demand is expected to be slightly lower for the SKF Group in total and lower in Europe, slightly lower in North America and relatively unchanged in Asia and Latin America. Demand is expected to be relatively unchanged for the Automotive Division and slightly lower for both the Industrial and Service Division. The manufacturing level will be significantly lower year on year and relatively unchanged compared to the first quarter.

19. 18 21 April 2009 Volume trends (based on current assumptions) Daily volume trends for: Q1 2009 Q2 2009 Net sales 2008 Europe 56% North America17% Asia Pacific 19% Latin America5% Total Outlook Q2 2009 vs 2008 ---

20. 19 21 April 2009 5%Trucks 20%Industrial OEM, General+Special 23%Industrial distribution 12%Industrial OEM, Heavy+Off-highway 13%Cars 3%Electrical and two-wheeler 9%VSM 5%Aerospace 3%Railway 6%Energy Volume trend for main segment Q2 2009 (based on current assumptions) Net sales 2008

21. 20 21 April 2009 Guidance for the second quarter 2009 Tax level: around 30% Financial net for the second quarter: SEK -220 million Exchange rates on operating profit versus 2008 Q2: SEK 300 million Full year: SEK 1 billion Additions to PPE: Around SEK 2 billion for 2009 Guidance is approximate and based on current assumptions and exchange rates

22. 21 21 April 2009 Key focus areas ahead 2009 Profit and cash flow - maintain positive price/mix - drive operational efficiency and cost reduction - reduce working capital and investments Adjustment of manufacturing output to new demand levels - restructuring - short-time working Growing segments and geographies Strengthening the platform/segment approach Competence development SKF Care and Six Sigma as guiding lights

23. 22 21 April 2009 SKF Care Employee Care Community Care Environmental Care Business Care BeyondZero TM SKF Care Operating margin

24. 23 21 April 2009 SKF Group Vision To equip the world with SKF knowledge

25. 24 21 April 2009 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; "Most important factors influencing the financial results", "Financial risks" and "Sensitivity analysis”.

26. 25 21 April 2009