Axis: Communiqué from the Annual General Meeting of Axis AB (publ)

The Annual General Meeting of Axis AB April 29, 2003 decided to re-elect the following members of the Board: Mikael Karlsson (chairman), Patrik Tigerschiöld, Martin Gren and Nils Rydbeck. Further, the meeting decided to elect a new member of the Board: Lars-Erik Nilsson, former CEO and Chairman of Compaq Sweden AB. Further, the Meeting decided to re-elect Öhrlings PricewaterhouseCoopers AB as auditor, with principal authority assigned to authorized public accountant Anders Lundin. The Meeting accepted The Board's proposal for a dividend for the fiscal year 2002 of SEK 0.15 per share. Monday, May 5, 2003 will be the record date for payment of the dividend. The dividend payments will be distributed by the Swedish Securities Register Center (VPC) on Thursday, May 8, 2003. Further, the Meeting decided to authorize the Board, during the period until the next Annual General Meeting, to make decisions on one or more occasions pertaining to new share issues totalling not more than 6,821,100 shares. In this regard, the Board shall have the right to waive the preferential rights of shareholders. The purpose of the authorization is to enable corporate acquisitions to be made with payment entirely or partly in Axis shares. Full exercise of the authorization would result in a dilution of the company's share capital not exceeding 9.9 percent (excluding possible dilution that may result from the exercise of those warrants - the 1999/2004, 2000/2005, 2000/2005 and 2000/2010 warrants - that entitle the holders to subscribe for shares during the period of validity of the authorization, that is, the period until the next Annual General Meeting, in which case the dilution could amount to a maximum of 3.0 percent). The Company's and the Group's income statements and balance sheets were adopted and the Board of Directors and the President were discharged from liability for the fiscal year 2002. All decisions of the Annual General Meeting were taken with required majority. For further information, please contact: Anne Rhenman, Director Investor Relations and Corporate Communications, Axis Communications Phone: + 46 708 90 18 29, E-mail: anne.rhenman@axis.com Ray Mauritsson, CEO, Axis AB Phone: +46 46 272 18 34, E-post: ray.mauritsson@axis.com