Electrolux Comments on Speculations on Settlement

STOCKHOLM–(BUSINESS WIRE)–Regulator News:

Electrolux (STO: ELUX A) (STO: ELUX B) comments on speculations on
settlement in the GE Appliances case.

On July 1, 2015, the U.S. Department of Justice (“DOJ”) filed a
Complaint in Federal Court seeking to stop Electrolux proposed
acquisition of the appliances business of General Electric. Electrolux
vigorously contests this effort by the DOJ to oppose the transaction and
remains confident in its assessment of the competitive merits of this
transaction and its favorable impact on consumers. The review of the
proposed acquisition has continued in a court procedure and the trial
begun on November 9, 2015. Electrolux expects the trial to conclude in
December and anticipates that the Court will reach its decision by late
this year or in January 2016, and if resolved favorably, it expects to
close the transaction soon after such resolution, following regulatory
approvals.

Occasionally, disputes like this one are resolved by settlement. While
Electrolux may be willing to consider a reasonable settlement with DOJ,
Electrolux is currently not in settlement discussions with DOJ. Given
the nature of this matter, it cannot be ruled out that settlement
discussions may arise or that references to such discussions may be made
by counsels of DOJ or Electrolux within the court procedure. As the
outcome of any such potential discussions is inherently uncertain,
Electrolux does not plan to make any further comments on whether
discussions have been or will be initiated, or the status thereof, until
it is relevant to provide further updates.

Electrolux discloses the information provided herein pursuant to the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08.00 CET on November 23,
2015

Electrolux is a global leader in home appliances, based on deep consumer
insight and developed in close collaboration with professional users. We
offer thoughtfully designed, innovative solutions for households and
businesses, with products such as refrigerators, dishwashers, washing
machines, cookers, vacuum cleaners, air conditioners and small domestic
appliances. Under esteemed brands including Electrolux, AEG, Zanussi,
Frigidaire and Electrolux Grand Cuisine, the Group sells more than 50
million products to customers in more than 150 markets every year. In
2014, Electrolux had sales of SEK 112 billion and 60,000 employees. For
more information go to www.electroluxgroup.com.

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Contacts

Electrolux
Catarina Ihre, 46-(0)8-738-60-87
Vice President
Investor Relations
or
Electrolux Press Hotline, 46-8-657-65-07