0OKF Naxs Ab (publ)

Stockholm, January 30, 2018

PRESS RELEASE - NAXS AB (publ)

This announcement is not an offer of securities for sale in the United States nor in any other country, and securities may not be offered or sold in the United States absent registration or an exemption from registration under U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Nor does it constitute or form part of, and may not be used for the purposes of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities by any person in any jurisdiction, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment to do so, in which (i) such offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation.

Year-end Report 2017

January-December 2017

• Net profit/loss for the period amounted to MSEK 40.7 (94.0).
• Earnings per share amounted to SEK 2.91 (6.32).
• Net asset value amounted to MSEK 821 (SEK 60.17 per share) at December 31, 2017, compared to MSEK 842 (SEK 56.69 per share) at year-end 2016.
• Net cash amounted to MSEK 450 (SEK 32.97 per share) at December 31, 2017, compared to MSEK 384 (SEK 25.85 per share) at year-end 2016.
• The 2017 Annual General Meeting resolved that no dividend would paid for FY 2016 in view of the fact that SEK 38m (SEK 2.57/share) had been distributed through shares repurchases during Q1 2017.

Fourth quarter 2017

• Net profit/loss for the quarter amounted to MSEK -2.7 (38.9).
• Earnings per share amounted to SEK -0.20 (2.62).

Distribution of profits

The Board of Directors intends to make the level of the dividend to be proposed for the fiscal year 2017 dependent on the amount that may be distributed under the form of share repurchases during the first quarter of 2018.

The Board of Directors proposes a dividend of maximum SEK 2,75/share for the fiscal year 2017, corresponding to SEK 37,502,814.25 at December 31, 2017. The actual level of the dividend will be set as the difference between SEK 37,502,814.25 and the amount that has been distributed under the form of share repurchases during the period between January 1 and March 31, 2018. The Board of Directors will announce the level of the proposed dividend ahead of the publication of the notice of the 2018 Annual General Meeting

In addition, the Board of Directors proposes to the Annual General Meeting to vote on a continued share repurchase mandate.

Comments by the CEO

NAXS continued to make progress in 2017, with the net asset value per share increasing by 6.2%. During the year, NAXS’s underlying private equity funds made 4 new acquisitions, 10 full exits and 5 partial exits through initial public offerings.

2017 was also the year during which NAXS started to implement its revised investment policy, making 3 new investments: a commitment to the special situations manager Mimir Invest, an investment in the initial public offering of helmet safety solutions provider MIPS, as well as a cornerstone investment in the initial public offering of fantasy software provider Scout Gaming Group.

NAXS actively repurchased shares throughout 2017, acquiring 1,210,915 shares, representing 8% of the total outstanding number of shares.

NAXS maintains a robust balance sheet, with a high proportion of cash, which the company will continue to selectively seek to deploy.

Lennart Svantesson

Financial summary

Contact information

Lennart Svantesson, CEO

Telephone: +46 73 311 00 11

Gösta Lundgren, CFO

Telephone: +46 70 710 47 88

This information is information that Naxs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 8.30 CET on January 30, 2018.

This press release and further information is available on the Company’s website: www.naxs.se

NAXS AB (publ)Corp. Reg. No. 556712-2972Grev Turegatan 10114 46 Stockholm, SwedenTel: +46 8 611 33 25, E-mail: info@naxs.se

NAXS is an investment company listed on NASDAQ Stockholm. NAXS primarily invests in private equity funds with a Nordic focus, but may also make direct investments or co-investments alongside private equity or other alternative assets funds. In addition, NAXS may, to a limited extent, make other types of investments.

http://prlibrary-eu.nasdaq.com/Resource/Download/22b45108-2557-4fbf-92a2-d6cb6caa1b09

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