Tom Johnstone proposed as new Chairman of the Board for Husqvarna AB

Husqvarna AB’s Chairman of the Board, Lars Westerberg, has announced that he
declines re-election to the Board of Husqvarna AB.

Lars Westerberg has served as the Chairman of Board of Husqvarna AB from
January, 2006. During his chairmanship the Company became a listed company on
the Nasdaq OMX Stockholm stock exchange, in June, 2006.

The Nomination Committee has proposed Tom Johnstone as new Chairman of the Board
of Husqvarna AB. Tom Johnstone has served on the Board of Husqvarna AB since
January, 2006. Tom Johnstone is the President and CEO of SKF AB until December
31, 2014. He was born in 1955 and holds a Master of Arts degree, the University
of Glasgow, Honorary Doctor’s degree in Business Administration, the University
of South Carolina, USA and Honorary Doctor’s degree in Science, the Cranfield
University, UK. He is also Board member of Investor AB.

The Nomination Committee will in due time before the Annual General Meeting
(“AGM”) prepare further proposals for the AGM in 2015, including proposals for
the Chairman of the AGM, Board members, remuneration for Board members and
auditor, and to the extent deemed necessary, tasks for and the composition of
the Nomination Committee for the AGM in 2016.

The AGM of Husqvarna AB (publ) will be held in Jönköping, Sweden on April 21,
2015.
For additional information, please contact
Petra Hedengran, Chairman of the Nomination Committee Husqvarna AB,
Tel. +46 8 614 20 97

The above information has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. It was released for
publication at 08:00 CET on December 4, 2014.
Husqvarna Group
Husqvarna Group is the world’s largest producer of outdoor power products
including robotic lawn mowers, garden tractors, chainsaws and trimmers. The
Group is also the European leader in consumer watering products and one of the
world leaders in cutting equipment and diamond tools for the construction and
stone industries. The Group’s products and solutions are sold via dealers and
retailers to both consumers and professional users in more than 100 countries.
Net sales in 2013 amounted to SEK 30 billion, and the Group had 14,000 employees
on average in more than 40 countries.