NAXS — Capital/Financing Update 2022

Apr 5, 2022

Stockholm, April 5, 2022

PRESS RELEASE - NAXS AB (publ)

Not for release, publication or distribution, directly or indirectly, in or into the United States, Hong Kong, Canada, Japan or Australia, or any other jurisdiction in which the distribution or release would be unlawful.

NAXS has made an investment commitment to JAB Consumer Partners – JCP V

NAXS has made a EUR 5m commitment to JAB Consumer Partners – JCP V (the "Fund").

The Fund co-invests with JAB Holding, a privately held group focused on consumer goods & services companies, as well as the pet care sector. Previous transactions by JAB Holding include Keurig Green Mountain, Espresso House, Dr Pepper and Pret a Manger in the consumer goods sector, and National Veterinary Associates in the pet care sector.

NAXS is an existing investor in JAB's two predecessor funds (JAB Consumer Fund – Global Consumer Brands II and III).

Contact information:

Lennart Svantesson, CEO Phone: +46 73 311 00 11

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

NAXS AB (publ) Corp. Reg. No. 556712-2972 Alma, Nybrogatan 8 114 34 Stockholm, Sweden E-mail: info@naxs.se