Notice Convening the Annual General Meeting of AB Electrolux

Shareholders, whose shares are registered in the name of a bank or other trustee, must have their shares registered temporarily in their own names in order to participate in the General Meeting. In order for the registration to be entered in the share register on Wednesday, March 26, 2008, shareholders should request that the trustee effects such re-registration well in advance of that date.

Agenda

1. Election of Chairman of the Meeting.

2. Preparation and approval of the voting list.

3. Approval of the agenda.

4. Election of two minutes-checkers.

5. Determination as to whether the meeting has been properly convened.

6. Presentation of the Annual Report and the Audit Report as well as the Consolidated Accounts and the Audit Report for the Group.

7. Speech by the President, Hans Straberg.

8. Presentation of the activities of the Board of Directors and its Committees during the past year and the Auditor's presentation of the audit work during 2007.

9. Resolution on adoption of the Income Statement and the Balance Sheet as well as the Consolidated Income Statement and the Consolidated Balance Sheet.

10. Resolution on discharge from liability of the Directors and the President.

11. Resolution on dispositions in respect of the company's profit pursuant to the adopted Balance Sheet and determination of record date for dividend.

12. Determination of the number of Directors and Deputy Directors. In connection therewith, report on the work of the nomination committee.

13. Determination of fees to the Board of Directors and the Auditor.

14. Election of Board of Directors and Chairman of the Board of Directors.

15. Proposal for resolution on nomination committee.

16. Proposal for resolutions on a)remuneration guidelines for the Electrolux Group Management, and b) implementation of a performance based, long-term incentive program for 2008.

17. Proposal for resolutions on a) acquisition of own shares, b) transfer of own shares on account of company acquisitions, and c) transfer of own shares on account of the employee stock option programs for 2001 - 2003 and the performance share program for 2006.

18. Proposal for resolution on changes in the articles of association.

19. Closing of the meeting.

Dividend and record date (item 11)

The Board of Directors proposes a dividend for the financial year 2007 of SEK 4.25 per share and Friday, April 4, 2008, as record date for the dividend. Subject to resolution by the General Meeting in accordance with this proposal, dividend is expected to be distributed by VPC AB on Wednesday, April 9, 2008.

Proposal for Chairman of the Meeting and number of Directors (items 1 and 12)

The Electrolux nomination committee, consisting of the Chairman Petra Hedengran, Investor, and the members Ramsay J. Brufer, Alecta Pension Insurance, Marianne Nilsson, Swedbank Robur Funds and Rune Andersson, Mellby Gard AB as well as Marcus Wallenberg and Peggy Bruzelius, Chairman and Deputy Chairman, respectively, of the Board of Directors of the company, proposes:

* Marcus Wallenberg as chairman of the Annual General Meeting.

* 9 Directors and no Deputy Directors.

Proposal for fees to the Board of Directors and Auditor (item 13)

The nomination committee proposes Directors' fees as follows: SEK 1,600,000 to the Chairman of the Board of Directors, SEK 550,000 to the Deputy Chairman of the Board of Directors and SEK 475,000 to each of the other Directors appointed by the General Meeting but not employed by Electrolux and, for committee work, to the members who are appointed by the Board of Directors: SEK 200,000 to the Chairman of the audit committee and SEK 85,000 to each of the other members of the committee and SEK 120,000 to the Chairman of the remuneration committee and SEK 55,000 to each of the other members of the committee. The nomination committee proposes that it be possible to pay part of the fees to the Directors, in respect of their assignment to the Board of Directors, in the form of so-called synthetic shares, on the following principal terms and conditions: