Annual General Meeting of AB SKF

The Annual General Meeting of Aktiebolaget SKF, parent company of the
SKF Group, was held in Göteborg on Tuseday, April 15, 2003, 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 8.00 per share was
approved. To be entitled to receive the dividend for 2002, shareholders
must be recorded in the share register on April 22.

The following Board members were reelected: Mr Anders Scharp, Mr Sören
Gyll, Mr Helmut Werner, Mr Vito H Baumgartner, Ms Ulla Litzén, Mr Clas
Åke Hedström and Mr Philip N Green. Mr Tom Johnstone was elected new
Board member.

Mr Sune Carsson had declined to be reelected.

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

Göteborg, April 15, 2003
Aktiebolaget SKF
(publ.)

For further information, please contact:
Lars G Malmer, SKF Group Communication, tel. +46 (0)31 337 1541,
e-mail: [email protected]

Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel. +46 (0)31 337 1000,
fax +46 (0)31 337 2832, www.skf.com