Bulletin from AB Electrolux Annual General Meeting 2010

The Annual General Meeting of AB Electrolux was held on Tuesday, March 30, 2010, in Stockholm. Marcus Wallenberg, Peggy Bruzelius, Torben Ballegaard Sørensen, Hasse Johansson, John S. Lupo, Barbara Milian Thoralfsson, Johan Molin, Hans Stråberg and Caroline Sundewall were re-elected to the Board of Directors. Lorna Davis was elected new Board member. Marcus Wallenberg was re-elected Chairman of the Board. At the statutory Board meeting following the AGM, Peggy Bruzelius was re-elected Deputy Chairman of the Board. PriceWaterhouseCoopers AB was re-elected Auditor for the period until the Annual General Meeting in 2014. The proposed dividend of SEK 4 per share was adopted. The record date was set as April 6, 2010, and cash dividends are expected to be paid from Euroclear Sweden on April 9, 2010. The parent company’s and the Group’s income statements and balance sheets were adopted. The Board of Directors and President were discharged from liability for the financial year 2009. The nomination committee process for the AGM in 2011 was decided, and is substantially the same compared to the previous year. The Meeting resolved to adopt the proposed renumerations to the Board, that are the same compared to the previous year and that were communicated in the notice convening the AGM. The proposal for remuneration guidelines for Group Management was also approved, including the scope of and the principles for Electrolux performance based, long-term share program for 2010. The Meeting authorized the Board of Directors to resolve on acquisitions of Electrolux B-shares up to a maximum amount of 10 per cent of all shares issued by the company. The Board was also authorized to transfer own shares on account of company acquisitions. The Group was authorized transfers of up to 3,000,000 B-shares to cover costs that may arise as a result of previous stock-option programs for 2003 and the Electrolux Performance Share Program for 2008. The authorizations are effective during the period up until next year’s AGM. Moreover, the Meeting decided that the Group may transfer B-shares to the participants in the share program for 2010, according to the conditions communicated in the notice convening the AGM. Full details on the proposals adopted by the AGM can be downloaded at www.electrolux.com/agm

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