Share buyback program 2021/2022

On October 27, 2021, Electrolux launched a share buyback program which was completed on February 3, 2022. The objective of the share buybacks is to optimize the company’s capital structure and the intention is to reduce Electrolux number of shares through subsequent share cancellations, which will further improve earnings per share.

The share buybacks form part of the buyback program of a maximum of 9,369,172 series B shares for a total maximum amount of SEK 2,800 million, which Electrolux announced on October 27, 2021.

During the period October 28, 2021 – February 3, 2022 Electrolux has repurchased in total 9,369,172 own series B shares.

All acquisitions have been carried out on Nasdaq Stockholm by Exane BNP Paribas on behalf of Electrolux.

The share buyback program has been carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (”MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”).

The Board’s intention is to continue with share buybacks over time and to continue to reduce Electrolux number of shares through subsequent share cancellations, which will further improve earnings per share. In line with this, the Board has on January 28, 2022, announced its intention to proceed with a new share buyback program after the AGM 2022 for an amount of approximately SEK 2.5bn. Additional details of the intended buyback program will be communicated as and when decided.