NAXS AB has repurchased over 5% of its own shares

NAXS AB (“NAXS”) has on February 10, 2017, repurchased 750,000 of its own
shares on Nasdaq Stockholm at a price of SEK 48.60/share for a total amount
of SEK 36,450,000. The transaction represents 5% of the total number of

The transaction falls within the scope of the share repurchase authorization
granted by the 2016 Annual General Meeting, and the decision of the board of
directors of June 1, 2016, in relation thereto.

As of the date of this press release, NAXS holds a total of 931,698 of its own
shares, representing 6.2% of the total number of shares.

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