SKF and GE Aviation enter into a partnership

SKF and GE Aviation enter into a partnership

SKF and GE Aviation have agreed to establish a new company, which will
manufacture and repair bearings for GE's engines for large aircrafts.

The new company, with SKF holding 51% and GE Aviation 49%, will be consolidated
into the SKF Group and represents an investment of some USD 28 million,
excluding the building that will be leased. 
The bearings will be manufactured for GE Aviation and its affiliate. The new
company will be located in Charleston, South Carolina in the USA. It will start
deliveries during 2008 and will have about 100 employees when in full
production. 

SKF is one of the world's largest producers of bearings for the aero engine
market and GE is the global market leader for large aero engines.  

Göteborg, 7 December 2007

Aktiebolaget SKF
(publ) 


________________________________________________________________________________
________________

AB SKF may be required to disclose the information provided herein according to
the Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 11.30 on 7 December 2007.
________________________________________________________________________________
________________






For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel: +46 31-337 1541, mobile: 
+46 705-371541, e-mail: lars.g.malmer@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46
705-181994,          
e-post: marita.bjork@skf.com


Aktiebolaget SKF, 415 50 Göteborg, tel: 031 337 1000, fax 031 337 1722,
www.skf.com