Announcement of Change in the Total Number of Votes in AB SKF

GOTHENBURG,Sweden,June 30,2020 -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association,the Company confirms the following.

As per 30 June,the Company's share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 32,256,712 shares of Series A and 423,094,356 shares of Series B. The number of votes in the Company amounts to 74,566,148.

AB SKF does not hold any own shares.

Aktiebolaget SKF

(publ)

This is information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 12:00 CET on 30 June 2020.

SKF's mission is to be the undisputed leader in the bearing business. SKF offers solutions around the rotating shaft,including bearings,seals,lubrication,condition monitoring and maintenance services. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2019were SEK 86 013million and the number of employees was 43,360. www.skf.com

® SKF is a registered trademark of the SKF Group.

For further information,please contact:

PRESS: Theo Kjellberg,Director,Press Relations

tel: +46-31-337-6576,mobile: +46-725-776576,e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg,Head of Investor Relations

Patrik Stenberg,+46-31-337-2104; +46-705-472 104; patrik.stenberg@skf.com

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https://news.cision.com/skf/r/announcement-of-change-in-the-total-number-of-votes-in-ab-skf,c3140304

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