Focused work resulted in a successful year Annual General Meeting Ray Mauritsson, President & CEO

The agenda Summary 2006 First Quarter, 2007 Outlook

Financial performance, 2006 Total sales  MSEK (895)  Growth 34%  Currency effects –10 MSEK Video sales  1062 MSEK (733)  Growth 45 % MSEKGrowth

EBIT, 2006 Gross margin  54.8% (54.0%) Operating margin  18.6% (14.3%) Profit margin  18.5% (14.2%) MSEKMargin

Sales in the product areas Full year 2007 Video growth +45% Print growth -30 % Scan & Other +69 %

Sales in the regions * Full year 2006 Americas + 42 %EMEA + 44% Asia - 9 % Growth in the regions

Worldwide organization Sweden HQ Singapore France Nordics, EE & Russia UK China Australia Korea Taiwan San Diego Canada South America Boston Spain & Portugal Germany Italy Middle East & Africa Japan South Africa

Global distribution, sales and education Distributors ResellersSystem integrators End user

Technology leadership 15-20% continuous investment in R&D In-house developed ASIC technology  ETRAX for networking  ARTPEC for network video functions Innovative network solutions  1991 First to introduce a multi-protocol print server  1996 First to introduce a network camera Open standards

The market’s broadest video portfolio Fixed camerasDomes & PTZsVideo serversManagement SW AXIS 223M AXIS 221 AXIS 225FD AXIS 216FD AXIS 216FD-V AXIS 211 and 211A AXIS 210 and 210A AXIS 207 and 207W AXIS 207MW AXIS 206 AXIS 209FD-R AXIS 232D+ AXIS 231D+ AXIS 214 PTZ AXIS 213 PTZ AXIS 212 PTZ AXIS 233D AXIS 243SA AXIS 243Q Blade AXIS 291 1U Rack AXIS 242S IV AXIS 214Q AXIS 241QA AXIS 247S AXIS 241Q & Blade AXIS 241S & 241SA AXIS 241S Blade AXIS 240Q & Blade AXIS 250S & Blade ACS ACM ADP > 400 Partners

Customer segments Banking & Finance Education Government Industrial Retail Transportation

Customer segment – Transportation Press releases, April, June & September, 2006  Close to 2000 network cameras total to be installed in commuter & train stations in Stockholm, AXIS 225FD  10,000 network cameras on Stockholm buses, AXIS 209FD-R Press release February, 2007  Approx 1000 network video products installed in Moscow underground  Potential for further installations

Customer segment – Retail Target, USA Hughes & Hughes, Ireland IKEA, Holland Citgo, USA Hugo Boss, France The Grape Group, Australia SAKS 5 th Avenue, Dubai

The AXIS STS system

Sales January - March, 2007 Total sales  338 MSEK (257)  Growth 32%  Currency effects -26 MSEK Video sales  309 MSEK (220)  Growth 41 % MSEKGrowth

EBIT January – March, 2007 Gross margin  55,1 % (53,8 %) Operating margin  19,7% (14,8 %) Profit margin  19,6% (14,7 %) MSEKMargin

Sales Q1, 2007 Print 6 % Video 91 % Americas 42 % EMEA 48 % Asia 10 % Scan & other 3 % *Q1 2007

Worldwide marketshares: security cameras Top Ten Companies 1Panasonic (PSS) 2Pelco 3Bosch Security Systems 4Sony 5Honeywell 5Samsung Electronics 7GE Security 8Axis 9JVC 10Tyco Fire & Security Source: IMS Research

Growth of the global market Growth 10% CCTV Growth 40% Network Video

Future outlook, Axis goals Focused product range  Aggressive product development  Intelligent solutions Focused business model  Channel partnerships Focused company Market leadership Professional Network Video