SKF completes divestment of Erin Engineering

Research, Inc. to Jensen Hughes, a US-based engineering consultancy for the
built environment. The total consideration of the deal is approximately SEK 230
million on a cash-free and debt-free basis.

Erin Engineering is a safety and reliability consultancy, specialising in the
nuclear energy sector, that was acquired by SKF in February, 2002. Headquartered
in Walnut Creek, California, with some 130 employees across the US, it has
operated as a stand-alone business within the SKF Group. Sales in 2014 amounted
to approximately SEK 250 million.

Aktiebolaget SKF
(publ)

For further information, please contact:
Media Hotline: +46 31 337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-776 576;
theo.kjellberg@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 2014 were SEK 70 975 million and the number of employees was 48
593. www.skf.com

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