At the request of the main shareholder, the Board of directors of NAXS AB will convene an extraordinary general meeting to replace the Company’s entire Board

The Board of NAXS AB (the “Company”) has received a letter from QVT Financial
LP, on behalf of Tompkins Square Park S.à.r.l. holding 68,2% of the Company’s
shares requesting that the Board calls an EGM to replace the entire Board of
NAXS. In accordance with the Swedish Companies Act (Sw. aktiebolagslagen) the
Company will publish a notice to convene an EGM no later than 24 May 2021.

The Board of Directors of NAXS AB

Contact information:

Lennart Svantesson, CEO 

Telephone: +46 73 311 00 11

This information is information that NAXS AB (publ) is obliged to make public pursuant to
the EU Market Abuse Regulation. The information was submitted for publication, through the
agency of the contact persons set out above, at 23.30 CET on May 17, 2021.