Buybacks of series B shares in AB Electrolux during week 30, 2022

STOCKHOLM,Aug. 1,2022 --During the period July 25 - July 29,2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 462,085 own series B shares (ISIN: SE0016589188) as part of the buyback program initiated by the Board of Directors in order to optimize the company's capital structure.

The share buybacks form part of the buyback program of a maximum of 8,000,000 series B shares for a total maximum amount of SEK 1,250 million,which AB Electrolux announced on April 29,2022. The buyback program,which runs between May 2,2022-October 21,2022,is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation 2016/1052 (the "Safe Harbour Regulation"). The objective of the share buybacks is to optimize the company's capital structure and the intention is to reduce Electrolux share capital through subsequent share cancellations.

Series B shares in AB Electrolux have been repurchased (in SEK) as follows:

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

25/07/2022

37,500

143.8458

5,394,217.50

26/07/2022

213,387

139.1588

29,694,678.86

27/07/2022

90,000

139.0196

12,511,764.00

28/07/2022

109,563

139.5728

15,292,014.69

29/07/2022

11,635

141.3520

1,644,630.52

All acquisitions have been carried out on Nasdaq Stockholm by Citigroup Global Markets Europe AG on behalf of ABElectrolux. Following the above acquisitions,AB Electrolux holding of own shares as of July 29,2022 amounts to 10,341,806 series B shares. The total number of shares in AB Electrolux amounts to 283,077,393.

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

CONTACT:

For further information,please contact:

Sophie Arnius,Investor Relations,+46 70 590 80 72

Electrolux Press Hotline,+46 8657 6507

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https://news.cision.com/electrolux/r/buybacks-of-series-b-shares-in-ab-electrolux-during-week-30--2022,c3608952

The following files are available for download:

https://mb.cision.com/Main/1853/3608952/1610725.pdf

Press release buyback of series B shares in AB Electrolux during week 30 2022

https://mb.cision.com/Public/1853/3608952/9e5ff140b62da129.pdf

Full breakdown of AB Electrolux buyback transactions week 30 2022