#SKF #Sweden #Gothenburg #Annual General Meeting

SKF Annual General Meeting Notice

The Annual General Meeting (AGM) of Aktiebolaget SKF will take place on April 1, 2025, at the Radisson Blu Scandinavia Hotel in Gothenburg, Sweden. The meeting will commence at 14:00, and attendees are invited to arrive starting at 13:00 for light refreshments.

Preconditions for Participation

To partake in the AGM, shareholders must fulfill certain criteria:

A. Postal Voting

Shareholders intending to vote by mail must:
1. Be listed in the shareholders' register by Euroclear Sweden AB as of Monday, March 24, 2025.
2. Notify their participation by submitting their postal vote in accordance with provided instructions before Wednesday, March 26, 2025.

B. In-Person Attendance or Proxy

For those who prefer to attend in person or via a proxy:
1. They must also be registered by Euroclear Sweden AB by March 24, 2025.
2. Notification of attendance must be made no later than March 26, 2025, via the SKF website, by phone, email, or post.

In case the shares are registered in a nominee's name, the shareholder must arrange for their shares to be registered in their own name before the AGM date.

Participation Guidelines

Attending the AGM in person requires prior notification, as merely sending a postal vote will not suffice for those seeking to be present at the meeting venue. In the case of proxy representation, the relevant documentation should be submitted in advance, whether in hard copy or via email.

Voting Process

A special voting form designated for postal voting will be accessible on the SKF website. Completed forms should reach Computershare AB by March 26, 2025. Additionally, electronic voting will be facilitated through the Swedish BankID system via SKF's website.

Shareholders cannot add conditions or instructions to their postal votes as this would invalidate the vote.

Agenda Highlights

1. Opening of the AGM
2. Election of Chair
3. Approval of the Agenda
4. Presentation of Annual Reports
5. Discharge of Liability
6. Election and Remuneration of Board Members
7. Proposal for Dividends
8. Discussion on Amendments to Articles of Association
9. Presentation of Performance Share Programme

The board intends to propose a dividend of SEK 7.75 per share, with a record date set for April 3, 2025, and distribution expected by Euroclear on April 8, 2025. The focus on performance share allotments will connect the interests of executives with shareholders, aiming at long-term value and sustainable development. Details regarding the Performance Share Programme will be shared as part of the AGM agenda.

Shareholder Visit to SKF Factory

Additionally, shareholders are welcome to visit SKF's factory in Gamlestaden, Gothenburg, on April 1, 2025, at 10:00 am. Interested participants should notify SKF with their contact details ahead of time due to limited space.

Contact and Documentation

For shareholders wishing to access relevant documents or reports pre-AGM, requests can be made through Computershare AB via phone or email as detailed in the participation conditions. The company's annual report and all pertinent documents will be available on the SKF website by March 11, 2025.

For further inquiries about the AGM, shareholders can reach out through the provided contacts.

As SKF prepares for this significant meeting, we encourage all eligible shareholders to participate and make their voices heard while gearing up for future growth and sustainability initiatives.