Electrolux Group accelerates profitable growth strategy through a partnership with Midea, global organization and footprint optimization, and a fully underwritten rights issue of approx. SEK 9 billion

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH ACTION WOULD BE UNLAWFUL STOCKHOLM, April 23, 2026 /PRNewswire/ -- In addition to the separately announced long-term strategic partnership with Midea Group in North America, AB Electrolux ("Electrolux Group" or the "Group") today announces a plan to improve efficiency across its organization including a focused optimization of the Group's global manufacturing footprint to further increase agility across the organization. Furthermore, the Board of Directors of AB Electrolux has resolved, subject to approval by an Extraordinary General Meeting (the "EGM"), on a fully underwritten rights issue of approximately SEK 9 billion (the "Rights Issue").