AXIS: Report from Annual General Meeting in Axis AB

Axis AB (publ) held its Annual General Meeting on April 17, 2008. The Meeting resolved in favor of all proposed matters in accordance with the proposals of the Board of Directors. The main contents of the most important resolutions are described below.

Resolution regarding dividend
The Meeting resolved to approve the Board of Directors’ proposal of a dividend for fiscal year 2007 of SEK 4.5 per share, of which SEK 3.25 is an extra dividend. April 22, 2008 was set as the record date for the dividend. It is expected that the dividend will be disbursed by VPC AB on April 25, 2008.

Resolution regarding adoption of the income statement and balance sheet
The Meeting resolved to adopt the income statement and balance sheet of Axis AB submitted by the Board of Directors as well as the consolidated income statement and balance sheet. The Board and the President were discharged from liability for the 2007 fiscal year.

Resolution regarding election of the Board, auditors and fees

The Annual General Meeting resolved in accordance with the Nominating Committee’s proposals, namely

• that five (5) Board members should be elected and no deputy members,
• that the following Board members should be re-elected: Lars-Erik Nilsson, Charlotta Falvin, Martin Gren, Olle Isberg and Göran Jansson,
• that Lars-Erik Nilsson should be re-elected as Chairman of the Board,
• that fees totaling SEK 1,050,000 shall be paid to the Board to be distributed among members who are not employees of the Company, with SEK 450,000 to the Chairman and SEK 200,000 to each Board member.

It was noted that Öhrlings PricewaterhouseCoopers AB, with the Authorized Public Accountant, Bertil Johanson as auditor in charge, was appointed as auditor at the Annual General Meeting 2007, for a period of four years.

Resolution regarding guidelines for determining salaries and other remuneration to the President and other members of company management
The Meeting approved the Board’s proposal of guidelines for determining salaries and other remuneration to the President and other persons in company management.

Auditor’s statement as to whether the guidelines for determining salaries and other remuneration to the President and other members of company management have been followed
The auditor considers, in the light of the performed audit, that the guidelines for determining salaries and other remuneration to the President and other members of company management, adopted at the Annual meeting on April 18, 2007 have been followed.

Resolution regarding criteria relating to appointment of members to the Nominating Committee, etc.
The Annual Meeting adopted the Board’s proposal that current criteria relating to appointment of members to the Nominating Committee etc. should also apply during 2008.

Proposal regarding authorization for the Board to make decisions pertaining to new share issues
The Meeting adopted the proposal to authorize the Board of Directors, during the period until the next Annual General Meeting, to make decisions on one or more occasions, with regard to new share issues for the purposes of enabling corporate acquisitions.

All of the Annual Meeting’s resolutions were passed with the requisite majority.