(Gothenburg, 11 May 2011)

The SKF Group has started a process in cooperation with four banks to explore the possibility to issue a bond. If issued, this bond will be used by the SKF Group to re-establish its full revolving credit facility. EUR 400 million of this facility was used for the acquisition of Lincoln Industrial at the end of 2010.

The appointed banks are Bank of America Merryl Lynch, Citigroup, Deutche Bank and HSBC.

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