SKF and Metso Corporation signed two-year contract worth 350 million SEK

    SKF and Metso Corporation signed two-year contract worth 350 million SEK

SKF and Metso Corporation have signed a two-year agreement regarding
supplies of SKF products and competence to Metso Paper, Metso Minerals
and Metso Drives globally. The value of the contract is around 350
million SEK for the 2-year period.

Metso is one of the top customers for the SKF Industrial Division. Most
of the SKF business with Metso today is in Europe, although the
equipment is exported and installed worldwide. Further globalisation of
the business is expected.

The agreement includes the supply of a large number of different SKF
products, including CARB bearings and other bearings of the SKF
Explorer standard and the provision of technical support. The largest
bearing has an outer diameter of 1.3 m and the smallest only 22 mm. The
products are used in all types of Metso machines, ranging from paper
machines to rock crushers to wind turbine gearboxes.

- This agreement broadens our co-operation with SKF and makes it truly
global, says Mr. Pekka Honkanen, Senior Vice President of Metso Paper.
It covers product deliveries and engineering co-operation in all our
main business areas.

The new agreement is a continuation of a partnership, which has been
built up over many years and confirms SKF's position as the main
supplier of bearings and related products and services to the Metso
Corporation.

Goteborg, October 9, 2003
Aktiebolaget SKF
(publ.)

For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel. [phone],
e-mail: [e-mail]
IR: Marita Bjork, SKF Investor Relations, tel. [phone], 
e-mail: [e-mail]

Aktiebolaget SKF, SE-415 50 Goteborg, Sweden, tel. [phone],
fax [phone], www.skf.com