Axis AB: The Board of Directors of Axis has received a dividend proposal

The Board of Directors of Axis has received a dividend proposal
Axis is holding its Annual General Meeting on Monday, June 15.

The notice of the Meeting states the following:

”In the light of the new ownership structure following the completion of the
public cash offer by Canon Inc., the Board of Directors has resolved to withdraw
its prior proposal. Instead, the Board of Directors proposes that no dividend is
paid for the financial year 2014 and that the company’s results are carried
forward.”

The Board of Directors has now received the following proposal for the Annual
General Meeting.

PROPOSAL FOR RESOLUTION ON DIVIDEND IN AXIS AKTIEBOLAG (PUBL)

Elliot International, L.P. and Liverpool Limited Partnership (collectively
“Elliot”), shareholders in Axis Aktiebolag (publ) (“Axis”) with 2,411,506 and
4,681,158 shares respectively, hereby propose that the profits at the disposal
of the annual general meeting of shareholders in Axis 2015 shall be appropriated
as follows:

that a dividend of SEK 6.00 per share shall be paid to
shareholders                                   SEK 416,767,500

to be carried
forward
                                                  SEK 5,937,306

Total
                                                                        SEK
422,704,806

The proposed dividend corresponds to the dividend distribution proposed by the
Board of Directors of Axis in the financial report for the period ending 31
December 2014, and reiterated again in the report for the period ending 31 March
2015. The Board of Directors deemed the earlier proposed dividend appropriate
considering that it stated that it “anticipates a continued positive trend [for
Axis] during the 2015 fiscal year.” In addition, the Board of Directors stated
that it is their view “that the proposed dividend will not prevent the company
from fulfilling its obligations over the short or long term or from making
necessary investments.” Elliot has no reason to believe that these assumptions
would have changed as per the date of this proposal.

Wednesday 17 June 2015, is proposed as record date for the dividend.

The proposal of the Board of Directors set forth above remains unchanged.

Canon Inc., holding approximately 85 percent of the shares of Axis, has stated
that Canon will vote against Elliot’s proposal.

However, due to Elliot’s proposal the Board of Directors is obliged to make a
reasoned statement:

”The Board of Directors anticipates a continued positive trend during the 2015
fiscal year. The view of the Board of Directors is that the dividend proposed by
Elliot will not prevent the company from fulfilling its obligations over the
short or long term or from making necessary investments.”


For questions and further information, please contact:

Investor Relations
Johan Lundin
Investor Relations Manager
Phone: + 46 46 272 2700
E-mail: ir@axis.com

Axis discloses the information provided herein pursuant to the Securities Market
Act and the Takeover Rules. The information was submitted for publication on 25
May 2015 at 08.00 a.m. CET.

About Axis Communications
Axis offers intelligent security solutions that enable a smarter, safer world.
As the global market leader in network video, Axis is driving the industry by
continually launching innovative network products based on an open platform -
delivering high value to customers through a global partner network. Axis has
long-term relationships with partners and provides them with knowledge and
ground-breaking network products in existing and new markets.

Axis has more than 1,900 dedicated employees in more than 40 countries around
the world, supported by a network of over 75,000 partners across 179 countries.
Founded in 1984, Axis is a Sweden-based company listed on NASDAQ Stockholm under
the ticker AXIS. For more information about Axis, please visit our website
www.axis.com