1. AXIS Communications A world of intelligent networks Third quarter 2001 CEO Peter Ragnarsson CFO Jörgen Lindquist

2. Third quarter 2001 Axis is a profitable company

3. Highlights - EBIT Ongoing operations

4. Highlights  Strengthened positions  Gross margins substantially improved  Overhead costs lowered  Air transport problems from terror attacks

5. Sales  Axis grows in weak IT-market  Global company  Market positions  Product portfolio  Broad customer base  Distribution channels

6. Sales  Nine months 2001  Sales 487 Mkr (440)  Growth 11%  Negative impact in q3 from terror attacks 10 Mkr Ongoing operations

7. Segments  Networked Office  Professional buyers  Organizations >50 employees  Office connectivity OEM  Industrial customers  Camera  IT  Security / surveillance  Mobile Internet  Technology

8. Networked Office - q3 2001  Strategic segment  Profitable base  Negative impact from macro and terror attacks  Strengthened positions

9. Office Connectivity OEM - q3 2001  Continuous demand for built-in Axis solutions  Several major projects accounted for in q4-2001  Strong orderbook 2002

10. Camera - q3 2001  Digitalization  Increased security awareness  Launch Axis 2191 with audio module  Negative impact from terror attacks

11. Mobile Internet - q3 2001  Strategic area  Wireless technologies (WLAN, Bluetooth, etc)  Platform  Technology and market uncertainties

12. Technology - q3 2001  Increasing demand  Industrial use  Several strategic customer contracts

13. Investing for the future  Intensive R & D agenda  Nine month period 119 Mkr  Corresponding to ~20% of sales

14. Effects from terror attacks  Air transport problems  More than 10 Mkr in shipments delayed until October

15. Highlights q3 2001 - EBIT  Profitability despite effects from terror attacks

16. Highlights q3 2001 - Margins 4.8

17. Highlights q3 2001 - Expenses 48

18. EBIT by quarter (proforma 2000)  R&D overall  31 Mkr in q3-2001  New structure  20 Mkr restructuring costs in q2-2001  Restructuring costs in q4 and q1 relates to Netch  Towards profitability as planned

19. ThinServer products - EBIT q3 2001  Profitability in focus  Action program reduces cost by 15%  EBIT level improved significantly  Action program impacts profitability from q3 and onwards

20. Mobile Internet products - EBIT q3 -01  Intensive R&D  Total investment in q3-2001 10 Mkr (21)  Investment level reduced during 2001

21. EBIT analysis q3-2001 (proforma q3-2000)

22. Sales – Q3

23. Gross margin

24. Accounts receivables

25. Inventory

26. Cash

27. Market trends  Generally weak market conditions expected to remain at least until mid 2002

28. Axis 2001  Focus on network connectivity  Global presence  Industry insider  R&D portfolio  Established channels to markets  Track record

29. Outlook 2001  Profitable operations second half of year 2001

30. This is Axis World-class solutions for easy-to-use, secure and efficient communication over networks