1. ... M A K E Y O U R N E T W O R K S M A R T E R Interim Report January - September 2003 CEO Ray Mauritsson CFO Jörgen Lindquist

2. ... M A K E Y O U R N E T W O R K S M A R T E R Continued growth for Video

3. Highlights Q3  Continued growth for Video  Positive development despite weak market  New product broadens market for remote monitoring

4. Intelligent Network Solutions Video Solutions  Network Cameras  Video Servers 57% 35% 8% Network Printing Other  Network Scan & Store  Technology sales  Wireless Access

5. Two offerings to the market Axis business model OEM & Technology sales 18% Branded Products & System Solutions 82%

6. Financial Performance - Nine Months  Net sales: SEK 460 M (502) ¬ Currency effects impacted negatively: SEK 57 M  Operating loss: SEK -3 M (30)

7. Sales by quarter Q3:  Continued growth in Video  Weak IT market affected other product areas Mkr 2003 Video Other 2002

8. EBIT by quarter Q3:  Positive development  Gross margin: 51.1% (56.4)  Operating margin: 0.5% (7.0)  Profit margin: 0.3% (9.7)

9. Sales Q3 Sales by Region 23% 29% 48% Asia Americas EMEA Sales by Product Group 57% Print 35% Scan & Store 5% Access and other 3% Video

10. Liquid Funds 2002-2003 MSEK

11. Network Video Market  Worldwide #1 position  Axis’ largest product area: 57% of sales  Significant growth potential ¬ Growing interest in surveillance and security ¬ Shift from analog to digital solutions ¬ New technical possibilities

12. Focus on customer segments Retail Bank Transportation Government Education Industrial

13. Newport School Case  Issue Need to reduce vandalism in schools  Solution Fully networked surveillance solution using AXIS 2400 Video Server  Main benefits Considerable cost savings, reduced damage and clear identification of offenders

14. Competitors  CCTV players: Panasonic, Sony, Sanyo, JVC and Bosch  New players: VCS, IndigoVision, Convision and SmartSight

15. Market Positioning for Video Entry level Segment Enterprise Segment Network Video Market Axis current offering AXIS 205....

16. AXIS 205 Network Camera  World’s smallest network camera  High image quality  Attractive price  Surveillance of property and people  Broadcast events over the Internet

17. Outlook 2003  Weak IT investments  Unchanged growth potential for Video  Aggressive product agenda  Goal of positive operating result for the full year 2003