Barbara Thoralfsson proposed as new Director at Electrolux

Barbara Thoralfsson proposed as new Director at Electrolux (ELUX). Barbara Thoralfsson is being proposed as new Director at AB Electrolux to be elected at the Annual General Meeting on April 22, 2003. Barbara Thoralfsson, 44, has an MBA in Marketing from Columbia University, USA, and a BA in psychology from Duke University, USA. She is president of TeliaSonera's subsidiary in Norway, Netcom A/S. Prior to that she was managing director of Midelfart & CO A/S, Norway, and product manager at General Foods Corporation and Orkla. She is a board member of Rieber & Son ASA. She is a US citizen. "The proposal to elect Barbara Thoralfsson is part of the Electrolux strategy to focus on marketing and brands, based on consumer insight," says Chairman Rune Andersson. The proposal for election of Board Members represents re-election of Rune Andersson, Peggy Bruzelius, Thomas Halvorsen, Louis R. Hughes, Hans Stråberg, Michael Treschow, Karel Vuursteen and Jacob Wallenberg, and election of Barbara Thoralfsson. The proposal for election of Directors has been prepared by representatives of some of the large shareholders: Investor AB, Alecta pensionsförsäkring, ömsesidigt, Robur Fonder and Chairman of Electrolux, Rune Andersson. Jointly they represent 32% of the voting rights of all the shares in the Company. The proposal will be presented at the Annual General Meeting on April 22, 2003. --end The Electrolux Group is the world's largest producer of powered appliances for kitchen, cleaning and outdoor use, such as refrigerators, washing machines, cookers, vacuum cleaners, chainsaws, lawn mowers, and garden tractors. Every year, customers in more than 150 countries buy more than 55 million Electrolux Group products for both consumer and professional use sold under famous brands such as AEG, Electrolux, Zanussi, Frigidaire, Eureka and Husqvarna. In 2002, Electrolux had sales of SEK 133.2 billion and 82,000 employees. Further information Barbara Thoralfsson can be reached through Electrolux Press Hotline at +46 8 657 65 07. For cancellation of or changes to this fax distribution service, please return this document, with your name, company, and fax number, stating what you want to change, to fax no +46 8 738 74 61. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/04/20030304BIT00460/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/04/20030304BIT00460/wkr0002.pdf

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Electrolux shapes living for the better by reinventing taste, care and wellbeing experiences, making life more enjoyable and sustainable for millions of people. As a leading global appliance company, we place the consumer at the heart of everything we do. Through our brands, including Electrolux, AEG, Anova, Frigidaire, Westinghouse and Zanussi, we sell more than 60 million household and professional products in more than 150 markets every year. For more information go to www.electroluxgroup.com.

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