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 is an IT company offering network video solutions for professional installations. The company is the global market leader in network video, driving the ongoing shift from analog to digital video surveillance. Axis products and solutions focus on security surveillance and remote monitoring, and are based on innovative, open technology platforms. Axis is a Sweden-based company, operating worldwide with offices in more than 20 countries and cooperating with partners in more than 70 countries. Founded in 1984, Axis is listed on the NASDAQ OMX Nordic, under the ticker AXIS. For more information about Axis, please visit our website at www.axis.com

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