Electrolux AB

At the Electrolux AB general meeting on 30 March 2022, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 13(h) for the following reasons:

Item 13(h): Elect CEO Jonas Samuelson as a board member

Folketrygdfondet opposes the inclusion of the CEO on the board of directors as a matter of
principle. One of the board’s main tasks is the supervision of company management, which
includes appointment and dismissal of the CEO. Folketrygdfondet considers that board members
can only supervise company management adequately if they are not recruited from among
management. For this reason, we voted against item 13(h).