Rune Andersson declines re-election as Chairman of Electrolux Board

(ELUX) Rune Andersson, Chairman of the Board of Electrolux, has
announced that he will resign as Chairman and leave the Board in
connection with the Annual General Meeting in April 2004.

Mr. Andersson was elected to the Electrolux Board at the AGM in 1998, and was appointed chairman.

“My work as chairman of Electrolux has been very stimulating, and by
April 2004 I will have held this position for six years. During these
years my own group of companies has grown substantially and requires
more of my time”, says Rune Andersson.

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.

Electrolux Press Hotline is available at +46 8 657 65 07.