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Schaeffler Group continued along its impressive growth path during the first quarter of 2014. Its revenue increased by 8.0 percent to approximately €3.0 billion from the first quarter of the prior year. Excluding the impact of currency translation, the Group`s operational revenue growth was 11.2 percent. [We started very well into the year 2014. The key driver of the positive revenue development in the first quarter 2014 was again our Automotive business," said Klaus Rosenfeld, CEO and CFO of Schaeffler AG. Automotive division revenue increased by 11.3 percent to approximately €2.2 billion. At constant currency, the division achieved a growth rate of 14.4 percent, significantly higher than the growth in global vehicle production. Industrial division revenue for the first three months of 2014 declined slightly by 0.7 percent compared to the prior year quarter as a result of the adverse impact of currency translation. On an FX adjusted basis, revenues in the Industrial division rose by 3.1 percent. At 26 percent, the Greater China region reported the highest growth rate compared to the prior year quarter, followed by the Asia/Pacific region, where revenue increased by 10 percent. The newly established regions Europe and Americas experienced revenue growth of 7 and 2 percent, respectively, compared to the first quarter of 2013. Schaeffler Group`s EBIT for the first quarter of 2014 increased by €59 million to €414 million (prior year: €355 million) from the prior year period. EBIT includes the one-off positive impact of approximately €10 million from the release of provisions. Excluding this impact, the Group`s adjusted EBIT margin rose by 0.7 percentage points to 13.6 percent (prior year: 12.9 percent), while net income for the reporting period improved by €149 million to €382 million (prior year: €233 million). The deleveraging achieved in 2013 and the measures taken to improve financing costs have reduced interest payments for the first quarter of 2014 to €111 million, significantly less than in the prior year period (prior year: €190 million). Operating cash flow of €134 million (prior year: €172 million) was lower than in the prior year due to an increase in funds required for working capital. Capital expenditures increased by €34 million to €155 million. Schaeffler primarily invested in new machinery concepts to strengthen its innovative ability and in the expansion of its worldwide production capacity. This resulted in negative free cash flow of €19 million (prior year: positive free cash flow of €52 million) in the first quarter of 2014. Net external financial debt (financial debt less cash and excluding shareholder loans) increased slightly by €80 million to €5.5 billion at the end of the first quarter of 2014 compared to December 31, 2013. As a result, the leverage ratio, defined as the ratio of net financial debt to adjusted EBITDA, remained unchanged at 2.6 as at March 31, 2014. Following the good start to the new year and the strong growth of the Automotive division in the first quarter of 2014, Schaeffler Group has raised its sales guidance for the year. The company now expects to generate revenue growth of more than 7 percent (previously: 5 to 7 percent) in 2014. Its forecast EBIT margin remains at 12 to 13 percent. Klaus Rosenfeld commented: [With our strategic focus Mobility for tomorrow, our new organizational and leadership structure as well as the improvements we are achieving as a result of the ONE Schaeffler program, we have laid the foundation for future profitable growth of our company. The fact that we are raising the sales guidance for 2014 emphasizes our confidence." Forward-looking statements and projections Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.

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As we all know bearings are precision parts, but SKF bearings in use dirty easily. In order to ensure the normal use of the bearing, the bearing needs to be cleaned periodically, how can the cleaning to avoid damage caused by SKF bearings, SKF bearings in the future to ensure the normal operation. First, when we will SKF bearings removed for inspection, photography and other methods shall be used to make the appearance of records. In addition, to confirm the remaining amount of lubricant and lubricant samples, and then cleaning bearings. SKF Bearing cleaning of rough cleaning and finishing washing, and placed in the bottom of the container used metal grid. Coarse wash, brush, etc. used in the oil or grease removal adhesive material. At this point if rotating bearings in oil, attention and other damage due to foreign objects rolling surface. Sperm washing, in the oil slowly rotating bearings should be carried out carefully. Commonly used cleaning agents for the neutral water diesel or kerosene, is sometimes necessary to use warm lye. No matter which cleaning agents, filter should always be kept clean. According to the above mentioned points, pay attention to the cleaning method. After washing, immediately SKF bearings coated rust grease oil or rust. Basic can ensure that cleaning will not cause damage to SKF bearings, to ensure the normal operation of the bearing. In the case of rolling bearings for precision parts, and its use should also be carefully carried out, no matter how high-performance bearings use, or improper use of the effect, you will not get the expected performance of the form, but also for bearings In use should pay attention to the case are the following. 1, using the installation should carefully not form a strong punch, and does not allow a direct hit with a hammer in the form of bearing is not allowed to pass through the rolling elements in the form of pressure, but the effect in this regard is also able to reflect this form, thus to be able to exhibit better results in this respect. 2, to maintain the bearing and the surrounding environment clean form, even to the naked eye can not see the fine dust into the bearing, will increase the bearing wear, vibration and noise. Bearings and their peripheral accessories should be kept clean, especially dust and dirt, tools and working environment must be kept clean. 3, to prevent corrosion of bearings, bearing direct hand pick, to fully wash hands sweat, and coated with high-quality mineral oil before, during the rainy season and summer with particular attention to rust. However, in some special operating conditions, the bearings can get a longer life of the conventional calculation, especially in the case of light load. These special operating condition is, when the rolling surface (track and rolling member) by a lubricant film to effectively separate and restrictions may result in contamination of surface damage. In fact, under ideal conditions, the so-called permanent bearing life is possible. 4, the use of appropriate and accurate installation tools make use of special tools, try to avoid using fabric and staple fibers and the like. Bearings through the performance of these four ways to better view after the effect of this, according to this situation to change, then the cleaning of the bearing has a great change in ways to be able to reflect slowly out such an effect, so the industry has also been a big change form.