Electrolux Board proposals: Michael Treschow, new Chairman, and Aina Nilsson, new Board member

Electrolux Board proposals: Michael Treschow, new Chairman, and Aina Nilsson, new Board member (ELUX) As previously reported, Rune Andersson has declined re-election as Chairman of the Electrolux Board at the Annual General Meeting in April 2004. Jacob Wallenberg, Vice-Chairman, has also declined re- election. Prepared by representatives of some of the large shareholders, the proposal for election of Board members represents re-election of Board members Peggy Bruzelius, Thomas Halvorsen, Louis R. Hughes, Hans Stråberg, Barbara Thoralfsson, Michael Treschow and Karel Vuursteen, and the election of Aina Nilsson as Board member. The Board proposes Michael Treschow as new Chairman. Michael Treschow is chairman of Ericsson and former President & CEO of AB Electrolux. The proposal for election of the Board members has been prepared by representatives of some of the large shareholders: Investor AB (Claes Dahlbäck), Alecta pensionsförsäkring, ömsesidigt (Ramsay J. Brufer) and AMF Pension (Tor Marthin) and Chairman of Electrolux Rune Andersson. Aina Nilsson, proposed new Board member, is design director in AB Volvo. Born in 1953, Nilsson is a graduate of the School of Art and Design at Gothenburg University. She has been design director for Volvo Trucks and has held several senior design positions within Saab Automobile and Saab- Scania. Nilsson is a member of the board of Ballingslöv International AB and chairman of the board of the Swedish Industrial Design Foundation. The proposal will be submitted at the Electrolux Annual General Meeting on April 21, 2004. For more information, contact Electrolux press hotline at +46 8 657 65 07. 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. För att ändra eller säga upp denna faxtjänst, vänligen sänd hela detta dokument, med uppgift om ditt namn, företag och faxnummer, till faxnummer 08-738 74 61, med uppgift om vad som ska ändras. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00110/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00110/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.