(Gothenburg, 25 May 2011)

Today AB SKF's new issue of EUR 500 million 3.875 % senior unsecured notes with a seven year maturity closed. The notes have been listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market.

The issue gained strong market interest and was significantly oversubscribed. The notes were placed with around 200 international investors.

The notes issue was lead by Bank of America Merrill Lynch, Citi, Deutsche Bank, and HSBC. The proceeds of the issue will primarily be used to refinance the debt related to the 2010 acquisition of Lincoln Industrial.

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