1. AXIS Communications A world of intelligent networks First quarter 2001 Presented by Peter Ragnarsson

2. Axis Group ThinServers Printservers Scan servers CDservers Camera servers Technology Mobile Internet Access Points Mobile Access server Founded 1984 Listed on Stockholm stock exchange 2000 Founded 1984 Listed on Stockholm stock exchange 2000 Axis AB Netch 59% ( incl new issue 2001) nBand 11%

3. ThinServer products Print & Scan servers Global top 3 on network print solutions Camera servers Leader in network camera and video servers Storage servers Global n°1 market leader for CD/DVD servers Technology network solution platforms

4. Mobile Internet products Carrier class total system solutions for local mobile networks based on Bluetooth and WLAN (802.11) Access Points Mobile Access Server Subscriber management Security Positioning Network management I/f to billing & customer care systems

5. Axis history - four distinct phases 1984199219962000 IBM protocol conversion Europe 1st phase 2nd phase Print servers LAN environm. Asia 3rd phase ThinServers Storage USA 4th phase Camera Mobile Systems Globally

6. Highlights q1 2001 - Sales Sales growth following strategic investments Strategic partnerships Camera New distribution structure in Europe Market-oriented organization structure

7. Highlights q1 2001 - Sales Sales 176 Mkr (150) Growth 17% ThinServers: growth 23% Netch: negative growth -32%

8. Sales mix q1-2001

9. ThinServer products - sales q1 2001 Total sales 162,5 Mkr (132,4) Growth total area 22,7% Strategic investment provides returns Strategic partnerships Camera New distribution structure in Europe Market-oriented organization structure Formation of Network Office and Office Connectivity OEM completed

10. Networked Office - sales q1 2001 Total sales 75,5 Mkr (81,3) Growth -7,1% New market-oriented organization Professional buyers Organizations >50 employees Decrease in sales due to Storage products

11. Office Connectivity OEM - sales q1 2001 Total sales 32,0 Mkr (12,2) Growth 161,4% Orientation towards industrial customers First deliveries to Canon of Bluetooth products (AXIS 5800 Mobile) in april 2001

12. Camera - sales q1 2001 Total sales 52,3 Mkr (29,8) Growth 75,1% Cooperation with Honeywell in Taiwan Solution for remote monitoring of telecom infrastructure

13. Mobile Internet products - sales q1 2001 Initial order from Canon First deliveries of Axis 9010 Bluetooth Access Points in april 2001 Mobile Access Server launched at CEBIT

14. Netch - sales q1 2001 Netch is a supplier of strategic Internet services Axis holds 59% of Netch after the new issue (57,6 Mkr) in February 2001 Peter Ragnarsson Chairman of the Board in Netch from Dec. 2000 Difficult market situation

15. Highlights q1 2001 - EBIT Towards profitability as planned Axis (excl. Mobile Internet) up 31,5 Mkr compared to q1-2000 Heavy R&D investments Mobile Internet 24 Mkr R&D total 38 Mkr

16. Highlights q1 2001 - EBIT Extraordinary profit influence Q1-2001 impact -5 Mkr temporary production problems write-off accounts receivable Netch impacted by re-structuring costs (announced in December 2000 report) total amount -31 Mkr

17. EBIT analysis q1-2001 (proforma q1-2000)

18. EBIT by quarter (proforma 2000) R&D overall 38 Mkr in q1-2001 Investments in Mobile Internet area 24 Mkr in q1-2001 Netch restructuring costs 10 Mkr in q4-2000 31 Mkr in q1-2001

19. ThinServer products - EBIT q1 2001 Profitability in focus EBIT level improved significantly Extraordinary profit influence -5 Mkr temporary production problems write-off accounts receivable

20. Mobile Internet products - EBIT q1 2001 Intensive R&D Total investment in q1-2001 24 Mkr (14) Investment level reduced during 2001 Technology and market uncertainties

21. Netch - EBIT q1 2001 Re-structuring program Re-structuring costs q4 2000: 10 Mkr q1 2001: 31 Mkr Focus on reaching profitability in 2001

22. Highlights q1 2001 - Liquid funds Liquid funds 198,7 Mkr Net change in liquid funds +2,7 Mkr

23. Change in liquid funds - q1 2001

24. Balance sheet - assets

25. Balance sheet - liabilities & equity

26. ThinServer market IDC predicts sales of ThinServers at more than $11 billion by 2004 Source: IDC

27. Market trends 2001 Growth potential in Office Connectivity OEM Camera Market and technology delays in wireless area Uncertainty regarding general economic down-turn

28. Outlook 2001 Priority on profitability and cash-flow Normalization of investment level Re-structuring of Netch

29. Axis 2001 Global presence 4th major investment phase completed Industry insider Profitable – and growing - base business Netch re-structured Proven track record

30. Axis financial goals Equity ratio normally not less than 50% Average annual sales growth of 30% in the five years following the IPO (ending 2005) Pre-tax margin of 10-15% achieved within three years from the IPO (2003)