#Sweden #Gothenburg #Nasdaq Stockholm #SKF Vertevo #Aktienbolaget SKF

Key Decision at AB SKF's Extraordinary Meeting

On October 1, 2026, Aktiebolaget SKF convened an Extraordinary General Meeting (EGM) in Gothenburg, Sweden, to discuss pivotal developments regarding its fully owned subsidiary, SKF Vertevo AB. The meeting was a major step in preparation for SKF Vertevo's anticipated listing on Nasdaq Stockholm, aimed for December 1, 2026.

The main resolution passed during the meeting involved the distribution of shares in SKF Vertevo to all shareholders of AB SKF, which is a strategic move to bolster their independence in the automotive bearing industry. According to the approved plan, shareholders will receive one SKF Vertevo Class A share for every five Class A shares of AB SKF they hold, and similarly for Class B shares.

Håkan Buskhe, Chair of the Board of SKF Vertevo, expressed satisfaction with the outcome of the meeting, stating, "We are very pleased with the support from the shareholders, which marks an important milestone on the path towards establishing SKF Vertevo as an independent and strong listed company. We are now entering the next phase of our work to further develop the company's strong position and create long-term value as one of the leading players in the automotive bearing industry".

The EGM also authorized the Board of Directors to determine a record date for the distribution of the shares, which is expected to be set for November 27, 2026. This decisive day will mark the last trading session for SKF shares with rights to receive the new SKF Vertevo shares, significantly affecting the trading dynamics leading up to the listing.

The distribution plan sets forth various important dates:

• - November 2026: Expected publication of the prospectus for SKF Vertevo shares on Nasdaq Stockholm.
• - November 17, 2026: Capital Markets Day for SKF Vertevo to be held in Stockholm, providing insights and strategic direction for the company's future.
• - November 25, 2026: Last trading day for SKF shares with rights for SKF Vertevo shares.
• - November 26, 2026: First trading day for SKF shares without rights for SKF Vertevo shares.
• - November 27, 2026: Record date for the distribution of SKF Vertevo shares.
• - December 1, 2026: The newly formed SKF Vertevo shares are set to commence trading on Nasdaq Stockholm.

This strategic restructuring, marked by the planned distribution of shares and imminent listing, will lead to the Automotive segment being reported as discontinued operations in SKF's forthcoming third-quarter report.

This decision reflects a larger trend in the industry where companies are introducing competitive pressure and seeking to focus on core operations while fostering innovation and customer engagement. The success of this initiative may signal a transformative shift in the automotive sector, enabling SKF Vertevo to position itself competitively within the market.

For more details regarding the resolutions of the EGM and SKF's future intentions, interested parties can access the complete documentation available through their official investor relations website.

As the automotive industry evolves to adapt to changes in consumer demand and technological advancements, SKF Vertevo finds itself at a crucial juncture. The establishment of this independent entity will allow for agility in decision-making while fostering the development of innovative solutions that anticipate market needs. The upcoming months are set to be pivotal in shaping the future landscape of the automotive bearing sector, as stakeholders keenly observe SKF Vertevo's progress as an independent player.