Nomination Committee proposes Marcus Wallenberg to be elected new Chairman of Electrolux

As previously communicated, Michael Treschow has declined re-election as Chairman of the Electrolux Board. Electrolux Nomination Committee proposes Marcus Wallenberg to be elected new Chairman at the Annual General Meeting on April 16, 2007.

Marcus Wallenberg is Chairman of SEB, Skandinaviska Enskilda Banken, Saab AB and ICC (International Chamber of Commerce). He is also Deputy Chairman of Telefonaktiebolaget LM Ericsson. He has been a member of the Electrolux Board since 2005.

The proposal has been prepared by the Nomination Committee comprising of representatives of some of the largest shareholders: Börje Ekholm is the Chairman of the Nomination Committee and represents Investor AB (27.6 % of the voting rights at year end). The other members are Ramsay J. Brufer, Alecta Mutual Pension Insurance (7.2 %), Annika Andersson, Fourth Swedish National Pension Fund (2.2 %), Marianne Nilsson Swedbank Robur Funds (1.8 %) and Michael Treschow, Chairman of Electrolux.

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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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