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