Notice of Annual General Meeting on April 18, 2002

In accordance with the listing agreement with OM Stockholmsbörsen, AB
SKF hereby announces the contents of the Notice of the Company's Annual
General Meeting on April 18.

Göteborg, March 8, 2002
Aktiebolaget SKF
(publ.)

Enclosure: Notice of Annual General Meeting

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

Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel. +46 31 337 1000, fax
+46 31 337 2832, www.skf.com
Notice of Annual General Meeting

Notice is hereby given that the Annual General Meeting of Aktiebolaget
SKF will be held at SKF Kristinedal, Byfogdegatan 4, Göteborg, Sweden,
at 2.30 p.m. on Thursday April 18, 2002.

Annual General Meeting
For the right to participate at the meeting, shareholders must be
recorded in the shareholders' register kept by VPC AB by Monday April 8,
2002 and must notify the company before 12 noon on Friday April 12,
2002, by letter to AB SKF, Group Legal, SE-415 50 Göteborg, Sweden, or
by fax +46 31 337 16 91, or by phone +46 31 337 27 35. When notifying
the company, which preferably should be done in writing, details of
name, address, telephone number, registered shareholding and advisors,
if any, shall be given. Where representation is being made by proxy, the
original of the proxy form shall be sent to the company before the date
of the meeting. Shareholders whose shares are registered in the name of
a trustee must have the shares registered temporarily in their own name
in order to take part in the meeting. Any such re-registration for the
purpose of establishing voting rights shall take place by Monday April
8, 2002. This means that the shareholder should give notice of his/her
wish to be included in the shareholders' register to the trustee in
plenty of time before that date. A re-registration fee will normally be
payable to the trustee.

Agenda 1. Opening of the Annual General Meeting. 2. Election of a chairman for the meeting. 3. Drawing up and approval of the voting list. 4. Approval of agenda. 5. Election of persons to verify the minutes. 6. Consideration of whether the meeting has been duly convened. 7. Presentation of annual report and audit report as well as consolidated accounts and audit report for the Group. 8. Address by the President. 9. The matter of adoption of the income statement and balance sheet and consolidated income statement and consolidated balance sheet.

10. Resolution regarding distribution of profits.
11. The matter of discharge of the members of the Board and the
President from liability.
12. Determination of number of Board members and deputy members.
13. Determination of fee for the Board of Directors.
14. Determination of fee for the auditor.
15. Election of Board members and deputy Board members.
16. Proposals by individual shareholders regarding an introduction of a
clause in the Articles of Association that gives owners of A shares the
right to convert these to B shares.

Proposal under item 10
The Board of Directors proposes a dividend for the financial year 2001
of SEK 6,00 per share. It is proposed that shareholders with holdings
recorded on April 23, 2002 be entitled to receive the said dividend.
Subject to acceptance by the Annual General Meeting, it is expected that
VPC will send out notices of payment to recorded shareholders and listed
depositaries on April 26, 2002.

Proposal under items 12, 13, 14 and 15
Regarding number of Board members, fees for the Board of Directors and
the auditor and election of Board members, shareholders, who together
represent around 45 percent of the votes of the total number of company
shares, have informed the company that they propose

- that the Board shall consist of eight ordinary members and no deputy
members;

- that the Board of Directors for the period up to end of the next
annual general meeting receive a fee of SEK 2 350 000, which, according
to the decision of the Board, be distributed between the Board members
elected at the meeting with the exception of members employed by the
company;

- that the auditor is paid for work performed as invoiced; and

- for re-election ordinary Board members Anders Scharp, Sune Carlsson,
Sören Gyll, Helmut Werner, Vito H Baumgartner, Ulla Litzén,
Philip N Green and Clas Åke Hedström.

Proposal under item 16
Under this item individual shareholders have by letter to the company
conveyed two proposals.

The Third AP-fund has informed the company that, after discussions with
some other major shareholders, they propose that "the Annual General
Meeting decides to introduce a continuous and voluntary possibility for
holders of SKF A shares to convert their shares to B shares."

Mr. Dan Cramling proposes "that a voluntary conversion from A shares to
B shares should be possible and that anyone who wishes to convert shares
shall pay the costs associated with the conversion".

Shareholders, representing around 45 % of the votes of the total number
of company shares and around 25 % of the total number of company shares,
have in a press release announced that they intend to support the
proposal of the Third AP-fund regarding an introduction of a conversion
right.

Göteborg, March 2002
Aktiebolaget SKF
(publ)
The Board of Directors