Annual General Meeting of AB SKF

The Annual General Meeting of Aktiebolaget SKF, Parent Company of the
SKF Group, was held in Göteborg on Thursday, April 18, 2002, under the
chairmanship of Mr Anders Scharp.

The income statements and the balance sheets of the Parent Company and
the Group were adopted, together with the Board's proposal for
distribution of surplus. The proposed dividend of SEK 6.00 per share was
approved. To be entitled to receive the dividend for 2001, shareholders
must be recorded in the share register on April 23.

The following Board members were reelected: Mr Anders Scharp, Mr Sune
Carlsson, Mr Sören Gyll, Mr Helmut Werner, Mr Vito H Baumgartner, Ms
Ulla Litzén, Mr Clas Åke Hedström and Mr Philip N Green.

The Annual General Meeting also decided to introduce a conversion clause
in the Articles of Association of AB SKF with the following wording.

"Shares of Series A shall on request by their owners be converted to
shares of Series B.
A conversion request, which shall be done in writing and state the
number of shares to be
converted, shall be made to the company. The company shall without delay
notify the
conversion to the Patent- and Registration Office for registration. The
conversion is
executed when the registration has taken place."

At the statutory meeting of the Board following the Annual General
Meeting,
Mr Anders Scharp was elected Chairman.

Göteborg, April 18, 2002

Aktiebolaget SKF
(Publ.)

.
Further information can be obtained from:

Lars G Malmer, Group Communication, tel +46-31-3371541, +46-705-371541,
e-mail: [email protected]

Marita Björk, Investor Relations, tel +46-31-3371994, +46-705-181994, e-
mail: [email protected]

Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel: +46-31-3371000, fax:
+46-31-3372832, www.skf.com