1. AXIS Communications - a world of intelligent networks Q1 2002 CEO Peter Ragnarsson CFO Jörgen Lindquist

2. Q1 2002 On track for profitable growth

3. Financial performance Profitability and Positive Cash Flow… Operating profit improved by SEK 43 M (comparable units) Third consecutive quarter with increased EBIT Increased operational efficiency Reduced capital tied up in operations

4. Highlights Q1 2002 Continuous growth for Video Several new agreements Additional OEM-partnership New products Expanding global distribution network

5. Axis 2002 Strengthened market positions Strong technology platform Broad product portfolio Proven business model spreading risk Increasing profitability and positive cash flow

6. Network Camera & Video Server  Worldwide #1 Markets and market positions Network Printing  Worldwide #2 Network Scan & Store Network Wireless Access Axis ThinServer Technology

7. Sales Q1 2002 Sales by Product Group 41%Video Print43% Store 5% Scan 2% Access 1% Other 8% Branded vs. OEM sales 25%OEM Branded 75%

8. Sales Ongoing operations Q1 2002 Sales 164 MSEK (164) Stable sales despite weak market condition

9. Video – Sales Q1 2002 Continued growth +28% New product - 2460 DVR New agreements Pro forma 2000 Q1Q2Q3Q4Q1Q2Q3Q4 2000 Q1 2001-02

10. Print – Sales Q1 2002 Weak market conditions New products, wireless printing Additional distributor partnerships Q1Q2Q3Q4Q1Q2Q3Q4 2000 Q1 2001-02 Pro forma 2000

11. EBIT by Quarter R&D overall ¬ 31 MSEK in Q1 2002 Operating margin 6.5% Pro forma 2000 Q1Q2Q3Q4Q1Q2Q3Q4 2000 Q1 2001-02

12. Ongoing operations, MSEK Sales per Quarter

13. Gross margin MSEK

14. Accounts receivables

15. Inventory MSEK

16. Liquid funds MSEK

17. Market trends Generally weak market conditions expected to remain at least until mid-2002 Slightly increased activity in markets

18. Outlook 2002 Continuous profitability and positive operational cash flow On track for a stronger position and profitable growth

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