Electrolux acquires manufacturing operations in Ukraine

Electrolux acquires manufacturing operations in Ukraine

Stockholm, August 9, 2010

Electrolux has signed an agreement to expand its operations in the
growing emerging markets in Eastern Europe through an acquisition of a
factory in Ivano-Frankivsk, Ukraine.

The acquisition strengthens the Electrolux presence in Eastern Europe
and will function as a part of the Electrolux supply base for markets in
Central and Eastern Europe. Ukraine participates in the free trade
framework within the Commonwealth of Independent States (CIS), which
includes Russia, Kazakhstan, Armenia, Azerbaijan and other countries.

“By broadening our manufacturing base in the emerging markets of Eastern
Europe we will increase our competitiveness and be able to supply CIS
markets from within the CIS area,” says Hans Stråberg, President and CEO
of Electrolux.

The factory, which manufactures washing machines, has approximately 150
employees and was acquired in 2003 by its current owner, Antonio Merloni
S.p.A.

The purchase price is EUR 19m.

Closing of the deal is expected to take place in the first quarter of
2011 and is subject to approval by competition authorities.

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