1. 0 20 October 2009

2. The SKF Group Nine-month results 2009 Tom Johnstone, President and CEO

3. 2 20 October 2009 Key points from Q3 report Strong cash flow Q3: SEK 1,359 mYTD September: SEK 4,307 m Dramatic volume drop year over year. Trend indicates levelling off. Q3: -24.9% YTD September: -27.6% Continued s trong price/mix Q3: 3.7%YTD September: 5.5% Cost reduction efforts in focus and giving results - annualised savings from all programmes, around SEK 800 million - significant short-time working being utilized. Now 14,000 people. Demand outlook for Q4 - year over year: significantly lower - sequentially: slightly higher

4. 3 20 October 2009 Highlights Q3 2009 SKF inaugurated its additional investment in the factory for large size bearings in Dalian, China, which doubles the manufacturing capacity. signed a Memorandum of Understanding with Sinovel Wind Co. Ltd for strategic partnership, and a series of contracts with a value exceeding SEK 330 m for main shaft bearings and sealing systems for 3MW wind turbines. signed a service contract with Transocean. The contract is worth SEK 10 m and covers asset reliability services for 59 of Transocean's drilling rigs. was selected as the sector leader for the IEQ Industrial Engineering sector in the 2009 Dow Jones Sustainability Indexes (DJSI). SKF was also included in the FTSE4Good Index Series, for the ninth year in succession.

5. 4 20 October 2009 Highlights Q3 2009 SKF launched 11 new solutions to help customers increase equipment reliability, reduce maintenance costs and environmental impact: Wind turbine blade bearing grease Telescopic pillar system Sealed spherical roller bearings Super precision bearings Y-bearings Machine condition advisor Profile rail guides Actuators Large diameter sealing solutions Oil conditioning unit Sealing solutions for screw compressors

6. 5 20 October 2009 SEKm 20092008 Net sales13,32415,381 Operating profit957*2,085 Operating margin7.2%13.6% Operating margin excl. restructuring, %8.7%13.6% Profit before taxes6891,859 Net profit4831,257 Basic earnings per share, SEK1.012.67 Cash flow after investments before financial items 1,359-526 Third quarter 2009 *Q3 restructuring around SEK 200 m Operating profit excl. restructuring activities SEK 1,157 m

7. 6 20 October 2009 SEKm 20092008 Net sales42,34047,054 Operating profit2,199*6,260 Operating margin5.2%13.3% Operating margin excl. restructuring, %7.3%13.3% Profit before taxes1,5325,761 Net profit1,2003,922 Basic earnings per share, SEK2.568.39 Cash flow after investments before financial items 4,307215 First nine months 2009 * YTD September restructuring around SEK 875 m Operating profit excl. restructuring activities SEK 3,074 m

8. 7 20 October 2009 Growth in local currency (Organic growth + Acquisition/Divestments) % y-o-y Acquisitions/Divestments Organic growth 13.2% Long-term target level: 6-8% per annum 7.1% -20.8%

9. 8 20 October 2009 Sales in local currencies (excl. structural changes) % change y-o-y 2007 2008 2009

10. 9 20 October 2009 Sales volume % change y-o-y 2007 2008 2009

11. 10 20 October 2009 Components in net sales Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3 7.96.99.06.34.96.22.7-13.0 -26.9-30.8-24.9 4.04.63.71.0 1.30.52.41.41.11.2 1.82.72.03.23.84.06.48.57.15.63.7 13.714.214.710.59.711.59.6-2.1-18.4-24.1-20.0 -5.6-2.3-1.9-2.0-1.2-4.1-0.910.313.612.26.6 8.111.912.88.5 7.48.78.2-4.8-11.9-13.4 Percent y-o-y Volume Structure Price / Mix Sales in local currency Currency Net sales 2007 2008 2009

12. 11 20 October 2009 Operating margin % 12.9 12.2 Long-term target level: 12% 5.2 13.3* 12.7* 7.3* Restructuring and one-time items * Excluding restructuring and one-time items

13. 12 20 October 2009 Operating margin % 2007 Long-term target level: 12% 2008 2009 Restructuring and one-time items

14. 13 20 October 2009 Operating margin per division Industrial Service Automotive % 20072008 Excluding one-off items (eg. restructuring, impairments, capital gains) 2009

15. 14 20 October 2009 Activities to adapt to lower demand Restructuring/impairment activities People Costs charged to operating profit Q4 20082,500SEK 340 m Q1 2009 500SEK 175 m Q2 2009 900SEK 500 m Q3 200970SEK 200 m 3,970SEK 1,215 m At the end of September 2009, around 4,400 people have left the Group since the third quarter last year, of which around 2,500 people under the programmes. Total savings from these activities around SEK 800 m. In addition, around 14,000 people in short-time working end of September 2009.

16. 15 20 October 2009 Inventories as % of annual sales % 2007 Long-term target level: 18% 2008 2009

17. 16 20 October 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 10.2

18. 17 20 October 2009 Net debt (Short-term financial assets minus loans and post-employment benefits) SEKm AB SKF, dividend paid (SEKm) : 2007 Q2 2,049 2008 Q22,277 2009 Q21,594 Redemption (SEKm) : 2007 Q2 4,554 2008 Q22,277 20072008 2009

19. 18 20 October 2009 AB SKF, debt structure Amount in millionMaturity Euro BondEUR 132*2010-06 SEK BondSEK 1,5002011-06 Term loan in euro EUR 1502013-06 Euro BondEUR 5002013-12 Euro loansEUR 1302014-03 Euro loan EUR 1002016-06 * Was EUR 250 million, reduced by EUR 118 million in Q2.

20. 19 20 October 2009 Cash flow, after investments before financial items 2007 SEKm Cash out from acquisitions* (SEKm) : 20071,209 2008 1,284 2009239 2008 2009 * including non-controlling interests.

21. 20 20 October 2009 October 2009: Outlook for the fourth quarter 2009 Sales development compared to fourth quarter last year The demand for SKF products and services is expected to be significantly lower for the Group in total and in Europe and North America. In Asia it is expected to be unchanged and in Latin America slightly higher. It is expected to be unchanged for the Automotive Division but significantly lower for the Industrial Division and Service Division. Sales development compared to the third quarter this year The demand is expected to be slightly higher for the SKF Group in total. It is expected to be relatively unchanged in Europe and North America and slightly higher in Asia and Latin America. It is expected to be relatively unchanged for the Automotive Division and slightly higher for both the Service Division and the Industrial Division. Manufacturing level The manufacturing level will be significantly lower year on year and slightly higher compared to the third quarter.

22. 21 20 October 2009 Volume trends (based on current assumptions) Daily volume trends for: Q3 2009 Q4 2009 Net sales 2008 Europe 56% North America17% Asia Pacific19% Latin America5% Total Outlook Q4 2009 vs 2008 --- = +

23. 22 20 October 2009 5%Aerospace 13% 12% 9% 6% Cars Industrial OEM, Heavy+Off-highway Vehicle Service Market Energy 5%Trucks 23% 20% 3% Industrial distribution Industrial OEM, General+Special Railway Electrical and two-wheeler Sequential volume trend main segments Q4 2009 (based on current assumptions) Net sales 2008

24. 23 20 October 2009 Guidance for the fourth quarter 2009 Tax level: around 30% Financial net for the fourth quarter: Around SEK -200 million Exchange rates on operating profit versus 2008 Q4: + 0 Full year: SEK 750 million Additions to PPE: Around SEK 2 billion for 2009 Guidance is approximate and based on current assumptions and exchange rates. -

25. 24 20 October 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

26. 25 20 October 2009 SKF Care Employee Care Community Care Environmental Care Business Care BeyondZero TM SKF Care Operating margin

27. 26 20 October 2009 SKF Group Vision To equip the world with SKF knowledge

28. 27 20 October 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”.

29. 28 20 October 2009