#Sweden #Gothenburg #AB SKF #General Meeting #SKF Vertevo

AB SKF Extraordinary General Meeting Invitation

On September 7, 2026, AB SKF formally invited its shareholders to attend an Extraordinary General Meeting (EGM) scheduled for October 1, 2026, at the Elite Park Avenue Hotel located in Gothenburg, Sweden. The meeting's doors will open at 10:00 AM, and light refreshments will be available before the meeting begins at 11:00 AM.

Participation Conditions

To ensure participation in the EGM, shareholders need to fulfill specific criteria:
1. Postal Voting: Shareholders who choose to vote by post must be listed in the shareholders' register maintained by Euroclear Sweden as of September 23, 2026. They must also submit their postal votes to Computershare AB by September 25, 2026.
2. In-Person Attendance or Proxy Voting: Shareholders wishing to attend in person or by proxy must be recorded as of September 23, 2026, and notify the company of their attendance by the same date through various channels such as their website, phone, or email.

For proxy representation, shareholders are required to submit a proxy form ahead of the meeting.

Agenda Overview

The agenda for the EGM includes:

• - Opening of the meeting and election of a chair.
• - Approval of the voting list and agenda.
• - Approval on the distribution of shares in SKF Vertevo AB and determination of the record date.

Key Proposal

One of the main items on the agenda involves a significant corporate restructuring where the Board of Directors is proposing the distribution of shares from SKF Vertevo AB, a wholly-owned subsidiary focused on the automotive sector. This restructuring is part of a strategy to facilitate a separate listing on Nasdaq Stockholm through a Lex Asea distribution to shareholders. Shareholders would receive one share of SKF Vertevo for every five shares held in AB SKF.

Corporate Implications

The expected record date for receiving shares in SKF Vertevo is November 27, 2026, with the first trading day anticipated on December 1, 2026. The proposed distribution is estimated to have a book value of SEK 11 billion, and the company's non-restricted equity is reported at SEK 22.4 billion after adjusting for dividends in 2026.

This meeting represents a pivotal moment for AB SKF as it endeavors to streamline its operations and enhance shareholder value through strategic alignment of its business segments. The Board has emphasized that this distribution aims to foster growth and create operational efficiencies.

Shareholder Engagement

Shareholders are encouraged to explore additional information regarding the distribution proposal and the business operations of SKF Vertevo through the company’s website and requested documentation leading up to the EGM.

For any queries regarding the EGM or for assistance with postal voting, stakeholders can reach Computershare AB via the provided contact information in the meeting notice.

The decisions reached at this meeting could have far-reaching implications for AB SKF and its shareholders, stressing the importance of participation and informed engagement from all stakeholders.

Important Contacts:

• - Press Relations: Carl Bjernstam (+46 31 337 2517)
• - Investor Relations: Sophie Arnius (+46 31 337 8072)

Stay tuned for more updates as AB SKF navigates this significant phase in its operational journey.