Buybacks of series B shares in AB Electrolux during week 34, 2022

STOCKHOLM,Aug. 29,2022 --During the period August 22 - August 26,2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 1,170,000 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)

22/08/2022

240,000

142.9733

34,313,592.00

23/08/2022

250,000

141.3239

35,330,975.00

24/08/2022

220,000

139.4841

30,686,502.00

25/08/2022

180,000

140.6626

25,319,268.00

26/08/2022

280,000

138.0245

38,646,860.00

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 August 26,2022 amounts to 12,153,825 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.

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-34--2022,c3621922

The following files are available for download:

https://mb.cision.com/Main/1853/3621922/1620239.pdf

Press release buyback of series B shares in AB Electrolux during week 34 2022

https://mb.cision.com/Public/1853/3621922/955ada74eacc8af8.pdf

Full breakdown of AB Electrolux buyback transactions week 34 2022