Electrolux launches investigation of UK factory

Electrolux launches investigation of UK factory

Electrolux has decided to launch an investigation into the future viability of a
cooker factory in Spennymoor, UK. The factory manufactures free standing and
built-in cookers for the UK and Irish markets and has approx. 500 employees.

“Imports from countries with lower cost levels have intensified over the last
few years, therefore resulting in lower prices. Price erosion and the
intensified global competition has significantly undermined the profitability of
the factory in Spennymoor which is why we need to review the operations there”,
says Magnus Yngen, head of Electrolux Major Appliances Europe.

The investigation is scheduled to be completed during the fourth quarter of
2007.

For further information contact Electrolux Media Hotline on +46 8 657 65 07

Electrolux is a global leader in home appliances and appliances for professional
use, selling more than 40 million products to customers in 150 countries every
year. The company focuses on innovations that are thoughtfully designed, based
on extensive consumer insight, to meet the real needs of consumers and
professionals. Electrolux products include refrigerators, dishwashers, washing
machines, vacuum cleaners and cookers sold under esteemed brands such as
Electrolux, AEG-Electrolux, Zanussi, Eureka and Frigidaire. In 2006, Electrolux
had sales of SEK 104 billion and 56,000 employees. For more information, visit
http://www.electrolux.com/press