Changes to the Board of AB Electrolux

Marcus Wallenberg, Chairman of the Board of Directors of Electrolux, has
informed the Nomination Committee that he will not stand for re-election at the
company’s Annual General Meeting on March 26. The reason is to ensure compliance
with new EU regulations limiting the number of board assignments. Barbara Milian
Thoralfsson has also declined re-election to the Board. The Nomination Committee
proposes Ronnie Leten as new Chairman and Petra Hedengran as new Board Member.
The Committee also proposes re-election of Lorna Davis, Hasse Johansson, Keith
McLoughlin, Fredrik Persson, Ulrika Saxon, Torben Ballegaard Sørensen and Bert
Nordberg.
The new regulations will come into effect on July 1, 2014, and include
limitations on the number of board assignments allowed for a member of the board
of a financial institution. As Marcus Wallenberg is Chairman of SEB he will be
affected by this.
Ronnie Leten has served on the Electrolux Board of Directors and as Deputy
Chairman since 2012. He is currently President and CEO of Atlas Copco AB, an
industrial group with world-leading positions in compressors, expanders and air
treatment systems, construction and mining equipment, power tools and assembly
systems. Ronnie Leten’s extensive industrial experience is valuable in a
chairman role in Electrolux.
Petra Hedengran is General Counsel and member of the group management of the
investment company Investor AB. She is also a Board Member of The Association
for Generally Accepted Principles in the Securities Market and the Lindorff
Group. She has previously worked as an attorney and partner at Advokatfirman
Lindahl, and as General Counsel and Corporate Counsel within ABB. Petra
Hedengran was born in 1964.
The Electrolux Nomination Committee comprises Börje Ekholm (Chairman), Investor
AB; Kaj Thorén, Alecta; Marianne Nilsson, Swedbank Robur funds; and Johan
Sidenmark, AMF. The committee also includes Marcus Wallenberg and Torben
Ballegaard Sørensen, Chairman and Member, respectively, of the Electrolux Board.
For further information, contact Electrolux Press Hotline, +46 8 657 65 07.

Electrolux discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08.00 CET on February 21, 2014.
Electrolux is a global leader in home appliances, based on deep consumer insight
and developed in close collaboration with professional users. We offer
thoughtfully designed, innovative solutions for households and businesses, with
products such as refrigerators, dishwashers, washing machines, cookers, vacuum
cleaners, air conditioners and small domestic appliances. Under esteemed brands
including Electrolux, AEG, Zanussi, Frigidaire and Electrolux Grand Cuisine, the
Group sells more than 50 million products to customers in more than 150 markets
every year. In 2013 Electrolux had sales of SEK 109 billion and 61,000
employees. For more information go to http://group.electrolux.com.