Evaluation of refrigerator factory in Greenville, MI, USA

Evaluation of refrigerator factory in Greenville, MI, USA (ELUX) The evaluation of a plant in the US, mentioned earlier today in the Group's nine-month report, refers to the refrigerator factory in Greenville, MI. The plant has weak financial performance and other production sources are being considered, including a move to Mexico. The plant has approximately 2,700 employees. A potential closure of the plant would incur a total cost of approximately SEK 1,200m. Discussions have been initiated with representatives of the unions. 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 For further information, please contact Investor Relations at +46 8 738 60 03. Electrolux Press Hotline is available 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 70 90. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/21/20031021BIT00900/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/21/20031021BIT00900/wkr0002.pdf