NAXS — AGM Information 2011

Apr 4, 2011

Stockholm, April 4, 2011

PRESS RELEASE

N.B. The English text is an in-house translation. In the event of any discrepancies between the text in this document and the Swedish document, the latter shall prevail.

NOTICE OF ANNUAL GENERAL MEETING IN

NAXS NORDIC ACCESS BUYOUT FUND AB (publ)

The shareholders of NAXS Nordic Access Buyout Fund AB (publ) (the "Company" or "NAXS") are hereby invited to the annual general meeting (the "Meeting") on Wednesday, 4 May 2011 at 4.00 p.m. at the offices of Advokatfirman Vinge, Smålandsgatan 20, Stockholm, Sweden.

RIGHT TO ATTEND THE MEETING

Shareholder that wish to attend the Meeting,

shall be registered in the share register maintained by Euroclear Sweden AB (former VPC AB) by Thursday, 28 May 2011; and preferably have notified the Company of their intention to attend the Meeting and of any representative/proxy/advisor who will represent/accompany the shareholder to the Meeting on Thursday, 28 April 2011. Notification shall be sent in writing to NAXS Nordic Access Buyout Fund AB (publ), Attn: Jeff Bork, Grev Turegatan 10, 1 tr, SE-114 46 Stockholm, Sweden or by e-mail jeff.bork@naxs.se. Notification shall include the shareholder's name, personal identification number/corporate registration number (or similar), address and daytime telephone number, as well as, wherever applicable, details of representatives, proxies and advisors. A maximum of two advisors may attend. To facilitate registration at the Meeting, notification, wherever applicable, should include a signed power of attorney, registration certificate and other documents proving identity.

PROXY

Shareholders represented by proxy must submit a dated power of attorney. If the power of attorney is executed by a legal person, a certified copy of the certificate of registration or equivalent must be attached. The power of attorney may not be valid for a longer period than one year from its issuance; however the power of attorney may be valid for up to five years from its issuance if explicitly stated. The original power of attorney and certificate of registration should be submitted to the Company by post at the address mentioned above in duly time prior to the Meeting. A proxy form is available at the Company's website www.naxs.com and will be sent to shareholders who request the form.

NOMINEE-REGISTERED SHARES

To be entitled to participate in the Meeting, shareholders whose shares are registered in the name of a nominee must temporarily re-register their shares in their own names in the share register maintained by Euroclear Sweden AB. Such registration must be duly effected in the share register maintained by Euroclear Sweden AB on Thursday, 28 April 2011, and the shareholders must therefore advise their nominees well in advance of this date.

RIGHT TO REQUEST INFORMATION

The shareholders are reminded of their right to request information in accordance with Chapter 7 Section 32 of the Swedish Companies Act (Sw. aktiebolagslagen).

NUMBER OF SHARES AND VOTES

There are in total 15,000,000 shares and votes in the Company.

AGENDA

• 1. Opening of the Meeting
• 1. Preparation and approval of the voting list
• 1. Election of the chairman of the Meeting
• 1. Presentation and approval of the agenda
• 1. Election of two persons to verify the minutes together with the chairman of the Meeting
• 1. Determination as to whether the Meeting has been duly convened
• 1. Speech by the CEO, submission of the annual accounts and the auditor's report, as well as consolidated accounts and auditor's report on consolidated accounts
• 1. Resolution on
• a. the adoption of the profit and loss statement and balance sheet, as well as the consolidated profit and loss statement and the consolidated balance sheet;
• b. appropriation of the Company's profit according to the adopted balance sheet; and
• c. discharge of the members of the board and the CEO from liability
• 1. Determination of the number of members of the board and any deputy members of the board
• 1. Determination of fees to be paid to the members of the board and auditor
• 1. Election of members of the board, chairman of the board and any deputy members of the board
• 1. The nomination committee's proposal regarding principles for appointment of a nomination committee for the annual general meeting 2012
• 1. The board's proposal for remuneration guidelines for the senior management
• 1. The board's proposal to amend the articles of association
• 1. The board's proposal to authorise the board to acquire the Company's own shares
• 1. Closing of the Meeting

Proposals of the nomination committee

Items 3, 9-11: Election of chairman of the Meeting, determination of the number of members of the board and any deputy members of the board, determination of the fees to be paid to the members of the board and auditor, as well as election of members of the board, chairman of the board and any deputy members of the board

The nomination committee of the Company proposes that the Meeting resolves in accordance with the following;

• The chairman of the board, Björn C. Andersson, is proposed to chair the Meeting.
• It is proposed that, for the period until the end of the next annual general meeting, the board shall consist of four (4) members without any deputy members of the board.
• For the forthcoming period of office, it is proposed that the members' of the board fees shall be paid in a total amount of SEK 675,000, of which SEK 225,000 shall be paid to the chairman of the board and SEK 150,000 shall be paid to each other member of the board elected by the Meeting and who is not employed by the Company. It is proposed that auditor fees shall be paid in accordance with an approved invoice.
• The following members of the board are proposed for re-election: Robin Ahlström, Björn C. Andersson, Birgitta Johansson-Hedberg and Frans Boch. It is also proposed that Björn C. Andersson is re-elected as chairman of the board.

Item 12: Proposal regarding principles for appointment of a nomination committee for the annual general meeting 2012

The nomination committee proposes that the annual general meeting shall resolve to adopt principles for the appointment of a nomination committee for the annual general meeting 2012 in accordance with the following.

The chairman of the board shall contact the two largest shareholders, with respect to voting power as per the end of the third quarter of the year. These two shareholders are offered to appoint one representative each for the nomination committee, in which a member of the board also shall be a member. If any such shareholder chooses not to exercise its right to appoint a representative, the right shall pass on to the shareholder who, next to the aforementioned shareholder, has the largest shareholding. The representative appointed by the largest shareholder, with respect to voting power, shall be the chairman of the nomination committee.

If a shareholder, who has appointed a member of the nomination committee, sells a not insignificant part of its shareholding during the tenure of the nomination committee and thereby ceases to be a shareholder with rights to appoint a member of the nomination committee, the member appointed by such shareholder should resign from the nomination committee. Such member shall then be replaced by a member appointed by the shareholder who, based on voting power following the sale, is one of the two largest shareholders in the Company. If such shareholder does not exercise its right to appoint a member of the nomination committee, the procedure above shall be applicable.

In the event a member no longer represents the shareholder who appointed him or her, or in any other way is dismissed from the nomination committee prior to the completion of the nomination committee's work, such shareholder shall be allowed to appoint a new member of the nomination committee.

No fees shall be paid to the members of the nomination committee. The nomination committee shall pursue the tasks that, according to the Swedish Code of Corporate Governance, are the responsibility of a nomination committee.

Proposals of the board

Item 8b: Appropriation of the Company's results

The non-restricted equity of the Company amounts to SEK 594,382,529. The board and the CEO propose that the available means of SEK 594,382,529 are carried forward and thus, that no dividend shall be distributed.

Item 13: Proposal for remuneration guidelines for the senior management

The board proposes that the Meeting resolves that the following guidelines shall apply for remuneration to the Company's senior management for the time until the end of the next annual general meeting.

Remuneration to the Company's senior management shall be market based and competitive in order to enable the Company to attract and keep competent senior management.

Remuneration may consist of four parts: fixed salary and fees, variable remuneration, which includes share and share price related incentive programs, pensions, as well as other economic benefits.

The board decides which structure the remuneration shall consist of to fulfill its purpose most efficiently. If variable remuneration shall be paid, this remuneration shall be linked to predetermined and measurable criteria, as well as be designed with the purpose to promote the Company's long term value creation. Variable remuneration may amount to a maximum of 50 per cent of the fixed annual salary. Share and share price related incentive programs, if any, shall be designed to align the interest of the owners of the Company and the senior management.

The board shall be entitled to deviate from the guidelines above if the board, in certain cases, deems that there are special reasons to motivate such deviation.

Item 14: Proposal to amend the articles of association

In accordance with the amendments in the Swedish Companies Act, the board proposes that the Meeting resolves to amend 9 § in the articles of association as regards notice to general

meetings with the wording below and to remove the wording regarding time to convene general meetings.

"Notice to attend general meetings shall be announced in the Official Swedish Gazette (Sw. Post- och Inrikes Tidningar) and be kept available on the company's website. Simultaneously to issuing the notice, the company shall announce in Svenska Dagbladet, that the notice has been issued."

To facilitate the preparations before general meetings, the board proposes that the following wording shall be incorporated as a new article 12 § in the Company's articles of association;

"A shareholder, who wants to participate in a shareholders' meeting must notify the company not later than the day specified in the notice of the meeting. The day must not be a Sunday, other public holiday, Saturday, Midsummer Eve, Christmas Eve or New Years Eve and not fall earlier than the fifth weekday prior to the meeting."

Item 15: Proposal to authorise the board to acquire the Company's own shares The board proposes that the Meeting resolves to authorise the board to decide on the acquisition of the Company's own shares where, principally, the following shall apply;

• 1. Acquisition of own shares shall exclusively take place on NASDAQ OMX Stockholm.
• 1. The authorisation may be utilised on one or several occasions, however not longer than until the 2012 annual general meeting.
• 1. Shares may be acquired to the extent that the Company's holding of its own shares, on any occasion, does not exceed ten (10) per cent of the Company's total shares.
• 1. Acquisition of shares may only take place at a price within the price interval, on any occasion, recorded on NASDAQ OMX Stockholm, which refers to the interval between the highest buying price and the lowest selling price.

The purpose of the proposed authorisation is to provide flexibility as regards the Company's possibilities to distribute capital to its shareholders, to promote more efficient capital usage in the Company, and to prevent a too large NAV/share price discount as regards the Company's shares, which altogether is deemed to have a positive impact on the Company's share price and thereby contribute to an increased shareholder value.

A resolution in accordance with the board's proposal shall only be valid where supported by not less than two-thirds of both the votes cast and the shares represented at the meeting.

The annual report and the auditor's report, as well as the board's proposal according to item 13-15, the auditor's statement under Chapter 8 Section 54 of the Swedish Companies Act and the board's statement under Chapter 19 Section 22 of the Swedish Companies Act will be held available at the Company's office on Grev Turegatan 10, 1stfloor, Stockholm, Sweden as from Wednesday, 13 April 2011, and will be sent to the shareholders who so request and who inform the Company of their postal address. The documents, together with the nomination committee's proposals, will also be held available on the Company's website www.naxs.se. All documents above will also be presented at the Meeting.

Stockholm, April 2011 The board of NAXS Nordic Access Buyout Fund AB (publ)

NAXS Nordic Access Buyout Fund AB discloses the information provided herein pursuant to the Swedish Securities Markets Act.

The information was submitted for publication at 08.30 CET on April 4, 2011.

Contact information

Jeff Bork, CEO Telephone: +46 (0)761-000 000

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

NAXS Nordic Access Buyout Fund AB (publ), Reg. No. 556712-2972 Grev Turegatan 10, 114 46 Stockholm Telephone: + 46 (0)8-611 33 25, E-mail: info@naxs.se