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

The Annual General Meeting of Axis AB today re-elected all seven Directors of the Board. The Board of Directors of Axis AB consists of Patrik Tigerschiöld, Mikael Karlsson, Dag Tigerschiöld, Martin Gren, Jan Wabréus, Nils Rydbeck and Östen Mäkitalo. In order to offer employees and senior executives within the Axis Group the opportunity of long-term financial involvement in Axis AB, the Meeting decided to issue a subordinated debenture loan with 1.050.000 detachable warrants (2002/2007). The right to acquire these warrants shall vest on employees and senior executives within the Axis Group. Subscription for shares based on the warrants may take place during the period from October 3, 2005 through October 2, 2007. The increase of the share capital of Axis AB, caused by the warrants (2002/2007), will amount to maximum SEK 10,500, which corresponds to a maximum dilution of approximately 1.5-percent of the share capital and number of votes. In the event of all warrants outstanding in Axis AB (including warrants 2002/2007) being acquired as well as fully exercised, there would be a dilution of approximately 4.9-percent of the share capital and number of votes. 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. Full exercise of the authorization would result in a dilution of the company's share capital not exceeding 9.9 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 2001. All decisions of the Annual General Meeting were taken with required majority. At the following inaugural Board meeting Mikael Karlsson was elected Chairman of the Board. 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 Peter Ragnarsson, CEO, Axis Communications Phone: +46 46 272 18 00