AXIS: Report from Axis AB’s Annual General Meeting

Axis AB (publ) held its Annual General Meeting on April 18, 2012. The meeting
resolved in accordance with the board's proposals in all of the matters
proposed. The following is an account of most important resolutions and their
main content.
Resolution regarding dividend
The annual general meeting resolved to approve
the board’s proposal for a dividend for the fiscal year 2011 of SEK 5.50 per
share, of which SEK 2.25 represents an ordinary dividend and SEK 3.25 an extra
dividend. The record day for dividend was fixed as April 23, 2012. The dividend
is therewith expected to be disbursed through the agency of Euroclear Sweden AB
on April 26, 2012.
Resolution regarding adoption of income statement and
balance sheet
The annual general meeting resolved to adopt the income statement
and balance sheet for Axis AB submitted by the board, as well as the
consolidated income statement and consolidated balance sheet. The board of
directors and the company's President were discharged from liability for the
fiscal year 2011.
Resolutions regarding election of the board, auditor and
fees
The annual general meeting resolved in accordance with the nominating
committee’s proposal, namely

  · to elect six ordinary board members without
any deputy board members,
  · to re-elect the board members Lars-Erik Nilsson,
Charlotta Falvin, Martin Gren, Olle Isberg, Göran Jansson and Roland Vejdemo,
· to re-elect Lars-Erik Nilsson as Chairman of the Board, and
  · that
directors’ fees of SEK 1,250,000 in total should be paid to be allocated among
board members not employed in the company as follows, SEK 450,000 to the
chairman of the board and SEK 200,000 to each one of the other members. The
proposed fee is unchanged compared to the preceding year.

Resolution
regarding guidelines for determination of salaries and other remuneration to the
President and other members of the company’s management
The annual general
meeting approved the board’s proposed guidelines for determination of salaries
and other remuneration to the President and other members of the company’s
management. The guidelines are the same as those which applied during the
preceding year.  

Resolution regarding criteria for appointment of members to
the nominating committee etc.
The annual general meeting adopted the board’s
proposal that the current criteria regarding appointment of members of the
nominating committee etc. should also apply for 2012, i.e. that members of the
nominating committee shall be appointed as follows.

The three largest
shareholders in the company on August 31 of the year before the annual general
meeting shall, on September 30 of the year before the annual general meeting or
at the latest six months prior to the annual general meeting, each appoint a
representative to be a member of the nominating committee. The nominating
committee shall appoint one of its own members as chairman. In the case that one
of the three largest shareholders refrains from appointing a member to the
nominating committee, the fourth largest shareholder shall instead appoint a
member, or if the fourth largest owner also refrains, the shareholders after
that in descending order of size until three members have been appointed. In the
case that a member resigns from the nominating committee before the work of the
nominating committee is complete, the shareholder that appointed the member
shall appoint a new member. In the case that this shareholder refrains from
appointing a new member, the fourth largest owner shall instead appoint a member
or, if the fourth largest shareholder also refrains, the shareholders after that
in descending order of size until a new member has been appointed.
For further information, please contact: Margareta Lantz, Manager IR&Corporate
Communications, Axis Communications Phone: + 46 46 272 18 00, E-mail:
pressoffice@axis.com
About Axis Communications
As the market leader in network video, Axis is
leading the way to a smarter, safer, more secure world — driving the shift from
analog to digital video surveillance. Offering network video solutions for
professional installations, Axis’ products and solutions are based on an
innovative, open technology platform.

Axis has more than 1,000 dedicated
employees in 40 locations around the world and cooperates with partners covering
179 countries. Founded in 1984, Axis is a Sweden-based IT company listed on
NASDAQ OMX Stockholm under the ticker AXIS. For more information about Axis,
please visit our website www.axis.com