The Sale of Ovako Received Relevant Regulatory Approvals

AB SKF, Rautaruukki Corporation, and Wärtsilä Corporation signed in July 2006 an agreement to sell the operating companies owned by Oy Ovako Ab to a company owned by the shareholders of Hombergh Holdings BV, WP de Pundert Ventures BV and Pampus Industrie Beteiligungen GmbH & Co. KG. Relevant regulatory approvals have been received and the transaction is expected to close in November 2006.