SKF to discontinue production at Etzenhofen, Germany

SKF GmbH has decided to discontinue production at its Etzenhofen,
Puttlingen plant in Germany by the end of 2004. The factory manufactures
plain bearings, which in future will be manufactured at the Schweinfurt
plant and also be outsourced.

A competitive market and high production costs at the Puttlingen plant
as well as the currency development has negatively impacted
profitability, making cost saving measures necessary to restore
profitability for the plain bearing business. The closure of the
Puttlingen plant will affect some 300 employees.

Goteborg, October 8, 2003
Aktiebolaget SKF
(publ.)

For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel. +46 (0)31 337 1541,
e-mail: lars.g.malmer@skf.com

IR: Marita Bjork, SKF Investor Relations, tel: +46-(0)31-3371994, 
e-mail: marita.bjork@skf.com

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