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.

The board of directors of NAXS is pleased to announce its appointment of the board member Nikolai Jebsen as interim CEO effective October 7. The board thanks Gösta Lundgren for his committed service as interim CEO. Following the above appointment, NAXS management will consist of Mr. Jebsen as CEO and Mr. Lundgren in his longstanding position as CFO.

Contact information

Gösta Lundgren, interim CEO

Phone: +46 70 710 47 88

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

NAXS is 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.