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-

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.