No change in conditions for proposed redemption offer

(ELUX) The Board of Directors of Electrolux will not utilize the
possibility of adjusting conditions for the share redemption offer
amounting to approximately SEK 3,000m.

The conditions were published on March 16, and the Board then reserved
the right to change the redemption price and redemption ratio at the
latest two weeks before the Annual General Meeting if the price of the
Electrolux share would increase significantly and thereby make the
redemption offer less attractive for the shareholders.

The proposed conditions are thus unchanged and can be summarized as

Each A-share gives one class A redemption right, and each B-share gives one class B redemption right.
20 class A redemption rights entitle redemption of one class A share, and 20 class B redemption rights entitle redemption of one class B share. In order to facilitate adjustment of uneven lots, a maximum of 1,000 redemption rights can be used to redeem shares of either class (A and/or B).
The amount to be paid by Electrolux for each redeemed share is SEK 200.
A maximum of 1,000 redemption rights can be sold free of brokers’ commission.
Decision on the proposed redemption offer will be taken at the Annual
General Meeting of shareholders on April 21, 2004.

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 2003, Electrolux had sales
of SEK 124.1 billion and 77,100 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.