Interim Report January-September 2017 Stockholm,

Stockholm, October 20, 2017

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.

Interim Report January-September 2017

Nine months 2017

• Net profit/loss for the period amounted to MSEK 43.4 (55.1).
• Earnings per share amounted to SEK 3.07 (3.70).
• Net asset value amounted to MSEK 824 (SEK 60.41 per share) at September 30, 2017, compared to MSEK 842 (SEK 56.69 per share) at year-end 2016.
• Net cash amounted to MSEK 455 (SEK 33.35 per share) at September 30, 2017, compared to MSEK 384 (SEK 25.85 per share) at year-end 2016.
• T he 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 buybacks during Q1 2017.

Third quarter 2017

• Net profit/loss for the quarter amounted to MSEK -16.4 (9.9).
• Earnings per share amounted to SEK -1.19 (0.66).

Comments by the CEO

NAXS’s NAV/share contracted by 1.9% during the third quarter, due to a slightly negative development of the valuation of private equity fund investments and exchange rates. Over the first nine months of 2017, the NAV /share increased by 6.6%, and by 11.5% over 12 months.

NAXS continued to repurchase its own shares during the third quarter, acquiring 419,282 shares. These repurchases, made at an average discount of 16% to the June 30 ^th net asset value, were deemed capital-efficient for the Company and value-accretive for our shareholders. As of the end of the third quarter, NAXS held a total of 422,812 shares, representing 3% of the total number of shares.

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 October 20, 2017.

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

NAXS AB (publ) Corp. Reg. No. 556712-2972 Grev Turegatan 10 114 46 Stockholm, Sweden Tel: +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.