Bulletin from AB Electrolux Annual General Meeting 2011

Bulletin from AB Electrolux Annual General Meeting 2011

The Annual General Meeting of AB Electrolux was held on Thursday, March
31, 2011, in Stockholm.

Marcus Wallenberg, Peggy Bruzelius, Lorna Davis, Hasse Johansson, John
S. Lupo, Torben Ballegaard Sørensen and Barbara Milian Thoralfsson were
re-elected to the Board of Directors. Keith McLoughlin and Ulrika Saxon
were elected new Board members. Marcus Wallenberg was re-elected
Chairman of the Board. At the statutory Board meeting following the AGM,
Peggy Bruzelius was re-elected Deputy Chairman of the Board.

The proposed dividend of SEK 6.50 per share was adopted. The record date
was set as April 5, 2011, and cash

dividends are expected to be paid from Euroclear Sweden on April 8,
2011.

The parent company's and the Group's income statements and balance
sheets were adopted. The Board of Directors and the President were
discharged from liability for the financial year 2010.

An instruction for the nomination committee was decided. The instruction
will now apply until further notice, but except that it is substantially
the same compared to the previous year.

The Meeting resolved to adopt the proposed remunerations to the Board,
that are the same compared to the previous year and that were
communicated in the notice convening the AGM. The proposal for
remuneration guidelines for Group Management was also approved, as well
as the scope of and the principles for Electrolux performance based,
long-term share program for 2011.

The Meeting authorized the Board of Directors to resolve on acquisitions
of Electrolux B-shares up to a maximum amount of 10 per cent of all
shares issued by the company. The Board was also authorized to transfer
own shares on account of company acquisitions. The Group was authorized
transfers of up to 3,000,000 B-shares to cover costs that may arise as a
result of the Electrolux Performance Share Program for 2009. The
authorizations are effective during the period up until next year's AGM.
Moreover, the Meeting decided that the Group may transfer B-shares to
the participants in the share program for 2011, according to the
conditions communicated in the notice convening the AGM.

The AGM also approved the resolution on changes in the articles of
association as proposed by the Board of Directors to the effect that the
notice convening a General Meeting shall be issued through announcement
in the Swedish Official Gazette and at the Company's website, and that
announcement that notice has been issued shall be made in Svenska
Dagbladet and Dagens Nyheter. The specified timing for registration of
participation in a General Meeting is also removed. From now on, the
registration can be done until midnight the day stated in the notice
convening the meeting.

Full details on the proposals adopted by the AGM can be downloaded at
www.electrolux.com/agm (http://www.electrolux.com/agm)

For further information, contact Electrolux Press Hotline, 46 8 657
65 07.