Axis AB: Year-end report January - December 2003

• Net sales for the period amounted to SEK 624 M (670). • Operating profit totaled SEK 1 M (40). • Profit before tax amounted to SEK 8 M (51). • The result after tax was a loss of SEK 3 M (profit: 36). • Earnings per share were negative in the amount of SEK 0.04 (positive: 0.52). • Continued Video sales growth: 18 percent.

The full report including tables can be downloaded from the enclosed link: Year-end Report 2003 Further information is available from: Ray Mauritsson, CEO, tel: +46-46 272 1800, Jörgen Lindquist, CFO, tel: +46-708 90 18 08, or Anne Rhenman, Director, Investor Relations & Corporate Communications, tel: +46-708 90 18 29

About Us

Axis enables a smarter and safer world by creating network solutions that provide insights for improving security and new ways of doing business. As the industry leader in network video, Axis offers products and services for video surveillance and analytics, access control, and audio systems. Axis has more than 3,000 dedicated employees in over 50 countries and collaborates with partners worldwide to deliver customer solutions. Founded in 1984, Axis is a Sweden-based company listed on the NASDAQ Stockholm under the ticker AXIS. For more information about Axis, please visit our website www.axis.com.

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