Extraordinary General Meeting adopts resolutions for payment of SEK 3 billion to shareholders through redemption of shares

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Extraordinary General Meeting adopts resolutions for payment of SEK 3
billion to shareholders through redemption of shares

16 Jun, 200418:37

(ELUX) On April 21, 2004the Annual General Meeting of AB Electrolux
resolved to implement a share redemption offer involving a right for the
shareholders in Electrolux to have their shares in the company redeemed
against cash payment of SEK200per share. During the application
period, 15,179,692shares in Electrolux were tendered for redemption, corresponding to a value of approximately SEK 3 billion.

In accordance with the proposal of the Board of Directors, the
Extraordinary General Meeting has today adopted the following
resolutions required for the redemption offer and payment to the
shareholders:

Following registration of the resolutions above with the Swedish Patent
and Registration Office (PRV), the share capital in Electrolux will
amount to SEK 1,544,601,540,

corresponding to9,502,275shares of series A and299,418,033shares of
series B, or a total of308,920,308shares, including shares owned by
Electrolux. As of June 16, 2004, Electrolux holding of own shares
amounted to 17,489,400shares of series B.

The redemption amount is scheduled to be paid to the shareholders around
June 30, 2004.

The Electrolux Group is the world's largest producer of powered
appliances for kitchen, cleaning and outdoor use, such as refrigerators, washing machines, cookers, vacuum cleaners, chainsaws, lawn mowers, and
garden tractors. Every year, customers in more than150countries buy
more than 55 million Electrolux Group products for both consumer and
professional use sold under famous brands such as AEG, Electrolux, Zanussi, Frigidaire, Eureka and Husqvarna. In 2003, Electrolux had sales
of SEK124billion and 77,000employees.

Further information
For further information, please contact Investor Relations at

+46 8 738 6003. Electrolux Press Hotline is available at

+46 8 657 6507.

News Source : Extraordinary General Meeting adopts resolutions for payment of SEK 3 billion to shareholders through redemption of shares