NAXS AB has repurchased 6% of its own shares

NAXS AB (“NAXS”) has on May 23, 2019, repurchased a block of 739,219 of its
own shares on Nasdaq Stockholm at a price of SEK 51.50/share for a total
amount of SEK 38,808,997.50. The transaction represents 6% of the total
number of shares.

The transaction falls within the scope of the share repurchase authorization
granted by the 2018 Annual General Meeting, and the decision of the board of
directors of June 5, 2018, in relation thereto.

As of the date of this press release, NAXS holds a total of 1 048 604 of its own
shares, representing 8,6% of the total number of shares. Total number of
shares amounts to 12,219,430.

Contact information:

Lennart Svantesson, CEO
Telephone: +46 73 311 00 11