Report from the annual general meeting in NAXS AB (publ) on 5 June 2018

On 5 June 2018 the annual general meeting of NAXS AB (publ) resolved in
accordance with the following

Adoption of the annual accounts etc.

• The annual general meeting adopted the income statements and balance sheets
  for the parent company and the group for the year 2017, and resolved that SEK
  2.53 per share shall be allocated as dividends to the shareholders and that the
  remaining unrestricted equity shall be carried forward.

• The annual general meeting resolved to discharge the board members and the
  managing director from liability.

  Board of directors and auditors etc.

• The annual general meeting resolved, in accordance with the nomination
  committee’s proposal, that the number of board members shall be four (4) with
  no deputy board members and that the board shall be composed as follows: Tony
  Gardner-Hillman (re-election), Andrew Wignall (re-election), John Chapman (re-
  election) and Damhnait Ni Chinneide (re-election). John Chapman was re-elected
  as chairman of the board.

• It was further resolved, in accordance with the nomination committee’s proposal,
  that the compensation to the chairman of the board of directors shall amount to
  SEK 258,750. The compensation to each other board member who does not draw
  any salary from the company shall amount to SEK 165,000. The auditor fees shall
  be paid in accordance with an approved invoice.

  • The annual general meeting resolved, in accordance with the nomination
  committee’s proposal, to re-elect Ernst & Young AB as auditor, with Jesper Nilsson
  as auditor in charge, for the period until the end of the next annual general
  meeting.

  Principles for appointment of the nomination committee for the 2019 annual
  general meeting

• The annual general meeting resolved, in accordance with the nomination
committee’s proposal, to adopt principles for the appointment of the nomination
committee for the 2019 annual general meeting. The complete principles are
available at the company’s webpage www.naxs.se.

Guidelines for remuneration to senior managers

• The annual general meeting resolved, in accordance with the board of directors’
proposal, to adopt remuneration guidelines for the senior management. The complete
guidelines are available at the company’s webpage www.n

Authorisation to acquire the company’s own shares

• The annual general meeting resolved, in accordance with the board of directors’
proposal, to authorise the board of directors to acquire the company’s own shares.
The complete proposal is available at the company’s webpage www.naxs.se.

Reduction of the share capital by cancellation of own shares and bonus issue

• The annual general meeting resolved, in accordance with the board of directors’
proposal, to reduce the share capital with SEK 26,219.74 by cancellation of acquired
own shares that the company held on the day of the notice to the annual general
meeting and resolved on a bonus issue of SEK 26,219.74 without the issuance of new
shares. The complete proposal is available at the company’s webpage www.naxs.se.

Contact information:

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