NAXS has resolved to repurchase own shares

The board of NAXS AB (publ) has resolved, pursuant to the authorisation granted by the Annual
General Meeting held on 5 June 2018, to repurchase own shares. Acquisition of shares may
only take place at a price within the price interval, on any occasion, recorded on Nasdaq
Stockholm, which refers to the interval between the highest buying price and the lowest selling

As of the date of this press release, the company holds 843,940 own shares and the number of
outstanding shares in the company is 13,574,770. In the event of a fully executed share
repurchase program, the company will own shares representing no more than ten (10) per cent
of the issued shares in the company.

Share repurchases shall be executed in intervals until the next Annual General Meeting, and
are subject to market conditions and regulations at any given time.

The purpose of the share repurchase is to provide flexibility in relation to the company’s
possibilities to return capital to its shareholders, to improve the capital efficiency in the
company, and to prevent an excessively wide NAV/share price discount in relation to the
company’s shares, which altogether is deemed to be susceptible to have a positive impact on
the company’s share price and thereby contribute to an increased shareholder value.

Contact information:

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