SKF India appoints Manish Bhatnagar as Managing Director

                                                                               
 The Board of Directors of SKF India Limited at their meeting held today, appointed Mr. Manish Bhatnagar as Managing Director for a period of 5 years effective 16th August 2018. The Board also accepted the resignation of Mr. Carl Orstadius as Managing Director and Director effective from the same date.

Commenting on the occasion, Mr. Rakesh Makhija, Chairman of the Board of SKF India Limited
said, “I am delighted to welcome Manish to SKF India Limited as Managing Director. His rich
experience with companies like Danaher Corporation, Underwriters Laboratories Inc. and General
Electric will be an asset for SKF. I wish him every success. I also take this opportunity to thank
Carl Orstadius for his valuable contributions to SKF India during this transition phase. Carl has
done an outstanding job during his brief tenure here and we wish him a great future ahead with
the SKF Group”.

SKF India is part of AB SKF , a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in 130 countries with 108 manufacturing units. ® SKF is a registered trademark of the SKF Group.