AB SKF : The Nomination Committee's proposals with reasoned statements and rules statement 2021

Presentation of the Members of the Board of Directors, proposal for election of auditor, the Nomination Committee's reasoned statements and rules statement.

Information regarding Board members nominated for election as members of the Board of Directors at the Annual General Meeting on 25 March 2021 and the Nomination Committee's statement regarding the composition of the proposed Board of Directors and proposed remuneration. The Nomination Committee's proposal for election of auditor and its reasoned statement for the proposal. There is also, at the end, a short description of how the Nomination Committee has conducted its work.

Members of the Board of Directors proposed to be re-elected by the Annual General Meeting 2021

Hans Stråberg

Chairman of the Board since 2018 Born 1957

Education and job experience: Master of Science in Engineering from Chalmers University of Technology, Gothenburg. President and CEO of Electrolux AB 2002-2010. Several leading positions within the Electrolux Group in Sweden and USA since 1983. Former EU Co-Chair TABD, Trans-Atlantic Business Dialogue.

Other assignments: Chairman of Atlas Copco AB, Roxtec AB and CTEK AB. Board member of Investor AB, Mellby Gård AB, and Anocca AB.

Shareholding (own and/or held by related parties): 15,000 SKF B Independence in relation to the company/senior management*: Yes Independence in relation to major shareholders of the Company*: Yes

Hock Goh

Board member since 2014 Born 1955

Education and job experience: Bachelor's degree (honours) in Mechanical Engineering from Monash University, Australia, completed the Advanced Management Program at INSEAD. Operating Partner of Baird Capital Partners Asia, 2005-2012. Several senior management positions in Schlumberger Limited, 1995- 2005, President of Network and Infrastructure Solutions division in London, President Asia and Vice President and General Manager China.

Other assignments: Member of the Board of Stora Enso Oyj, Santos Australia and Vesuvius PLC.

Shareholding (own and/or held by related parties): 0 Independence in relation to the company/senior management*: Yes Independence in relation to major shareholders of the Company*: Yes

Barb Samardzich

Board member since 2017 Born 1958

Education and job experience: Bachelor of Science in Mechanical Engineering, University of Florida, Master of Science in Mechanical Engineering, Carnegie Mellon University, and Master of Science in Engineering Management, Wayne State University. Various management positions at Ford Motor Company, 1990-2016, thelatest as COO of Ford Europe, 2013-2016. Engineer in the Commercial Nuclear Fuel Division at Westinghouse Electric Corporation, 1981-1990.

Other assignments: Board member of Adient plc, Velodyne LidDAR and Bombardier Recreational Products. Board of Trustee member of Lawerence Technological University.

Shareholding (own and/or held by related parties): 0 Independence in relation to the company/senior management*: Yes Independence in relation to major shareholders of the Company*: Yes

Colleen Repplier

Board member since 2018 Born 1960

Education and job experience: Bachelor's degree in Electrical Engineering from the University of Pittsburgh and MBA from the University of Central Florida. Vice president and general manager of Johnson Controls 2016-2018. Several leading positions within Tyco 2007-2016 and Home Depot 2005-2007, and in the energy industry within GE Energy 1994-2003, Bechtel Corporation 1992-1994 and Westinghouse 1983-1992.

Other assignments: Board member of Kimball Electronics and Triumph Group. Shareholding (own and/or held by related parties): 0

Independence in relation to the company/senior management*: Yes Independence in relation to major shareholders of the Company*: Yes

Geert Follens

Board member since 2019 Born 1959

Education and job experience: Master of Science in Electromechanical Engineering and a post-graduate degree in Business Economics from the University of Leuven, Belgium. He is Senior Executive Vice President and Business Area President Vacuum Technique at Atlas Copco AB. He has held several leading positions within the Atlas Copco Group in Sweden, Belgium and the UK since 1995, including General Manager of Atlas Copco Compressor Technique customer center, President of the Portable Energy division and President of the Industrial Air division.

Shareholding (own and/or held by related parties): 1,500 SKF B Independence in relation to the company/senior management*: Yes Independence in relation to major shareholders of the Company*: Yes

Håkan Buskhe

Board member since 2020 Born 1963

Education and job experience: Master of Science, Licentiate of Engineering, Chalmers University of Technology. He is the CEO of FAM AB, owned by the Wallenberg Foundations. His previous senior positions include CEO of E.ON Nordic AB, 2008-2010, and, most recently, CEO of Saab AB, 2010-2019.

Other assignments: Chairman of IPCO AB, board member of FAM AB, Munters Group AB, Stora Enso Oyj and Kopparfors skogar AB

Shareholding (own and/or held by related parties): 0 Independence in relation to the company/senior management*: Yes Independence in relation to major shareholders of the Company*: No

Susanna Schneeberger

Board member since 2020 Born 1973

Education and job experience: Master of European Affairs (MBA) and Master of Science in International Business, Lund University. Senior advisor and several leading positions including CEO of Demag Cranes & Components, 2015-2018, various positions in the Trelleborg Group 2007-2014 and as Chief Digital Officer and executive board member of the KION Group, 2018-2020.

Other assignments: Board member of Concentric AB and Hempel A/S. Shareholding (own and/or held by related parties): 1,000 SKF B Independence in relation to the company/senior management*: Yes Independence in relation to major shareholders of the Company*: Yes

* The information regarding independency relates to the independence of the proposed Board member according to the Swedish Code of Corporate Governance (the "Code") in relation to (i) the company/senior management and (ii) major shareholders. The Code is available at the website of the Swedish Corporate Governance Board,www.corporategovernanceboard.se.

New members of the Board of Directors proposed to be elected by the Annual General Meeting 2021

Rickard Gustafson

Born 1964

Education and job experience: Master of science from the Institute of Technology at Linköping University. Rickard Gustafson will succeed Alrik Danielson as President and CEO during the first half of 2021. Rickard Gustafson is currently the President and CEO of the SAS Group. Before joining SAS ten years ago, Rickard Gustafson was the CEO of the insurance company Codan/Trygg Hansa and he has held several positions within General Electric.

Other assignments: Board member of Telia AB, FAM AB (resigning board member) and Confederation of Swedish Enterprise

Shareholding: 0

Independence in relation to the company/senior management*: No (after assuming the position as CEO)

Independence in relation to major shareholders of the Company*: Yes (after resigning from FAM AB's board)