SKF clarifies comments from presentation given on 21 March 2014

Gothenburg, 24 March, 2014: Following our presentation at Bank of America
Merrill Lynch, Global Industrial and EU Autos Conference 2014 on 21 March, SKF
wants to make a few clarifications.

Below is a summary of how SKF sees the development of its different industries
and how this may impact demand for SKF's products and services for the first
quarter 2014.

Overall demand is slightly higher year over year, as per outlook, but will
probably be closer to relatively unchanged sequentially.

From an industry viewpoint sequentially, trucks and energy are doing a little
better than expected. Industrial general is moving towards relatively unchanged.
Industrial distribution looks relatively unchanged, due to limited pre-buy
effect which was highlighted as a possible risk when outlook was given. All
other industries seem to be as expected. This sequential development has a
somewhat negative influence on the business mix.

The situation in Latin America is negatively influencing the currency impact on
profit before taxes.

Manufacturing has been slightly adjusted within the guidance, which is slightly
higher sequentially and higher year over year.

Aktiebolaget SKF
(publ)


For further information, please contact:
Media Hotline: +46 31 337 2400
Press Relations: Rebecca Janzon, +46 31-337 3880; +46 727-173 880;
rebecca.janzon@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-181 994;
marita.bjork@skf.com


SKF is a leading global supplier of bearings, seals, mechatronics, lubrication
systems, and services which include technical support, maintenance and
reliability services, engineering consulting and training. SKF is represented in
more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2013 were SEK 63,597 million and the number of employees was
48,401. www.skf.com
® SKF is a registered trademark of the SKF Group.