#Sweden #Gothenburg #Series B #AB SKF #Series A

Announcement of Share Conversion and Voting Rights Update

On May 30, 2025, AB SKF released important information regarding changes in its share structure, specifically a conversion of shares from Series A to Series B. This adjustment is consistent with the company's Articles of Association, which govern its operations. As part of this change, the total number of shares outstanding has been recalibrated to reflect the new distribution between Series A and Series B shares.

Total Share Breakdown

As of May 30, 2025, AB SKF confirms that there are now a total of 455,351,068 shares.

• - Series A shares: 28,930,824
• - Series B shares: 426,420,244

This distribution indicates a shift towards Series B shares, which typically hold different voting rights compared to Series A shares. This alteration in share structure points to a strategic direction in the company's governance and shareholder engagement. Furthermore, the total number of votes represented by shareholders amounts to 71,572,848.4 votes.

Implications of Share Conversion

This conversion of shares from Series A to Series B is crucial for existing and potential investors of AB SKF. Series B shares generally grant fewer voting rights, which might impact shareholder dynamics. It’s essential for shareholders to understand how this change could affect their influence on company decisions. Nevertheless, AB SKF does not maintain any treasury shares, ensuring that all shares are in public circulation.

The adjustment aims to streamline governance and possibly attract a broader investor base looking for various levels of engagement within the company's strategic framework.

Company Background

AB SKF is a global leader in the bearing, seal, and lubrication systems industries, and it plays a pivotal role in various sectors including automotive, aerospace, and industrial machinery. The company's strong foundation in innovation and technology has established it as a trusted name worldwide.

Maintaining a clear communication path about such changes, as illustrated by this announcement, demonstrates AB SKF's commitment to transparency and shareholder engagement. As the company anticipates further growth, managing share capital becomes increasingly significant.

For further inquiries regarding this announcement, investors and stakeholders are encouraged to reach out to the company's Press Relations and Investor Relations teams.

• - Karin Markhede (Press Relations): +46 (0)70 758 87 30; [email protected]
• - Sophie Arnius (Investor Relations): +46 31-337 8072; +46 705 908 072; [email protected]

This announcement aligns with AB SKF’s ongoing efforts to inform stakeholders about relevant changes impacting their investments. The commitment to disclosure reflects the company’s adherence to the Financial Instruments Trading Act and underscores its proactive approach to investor relations.