NOVAX

Novax is wholly owned subsidiary to Axel Johnson AB investing in growth companies within retail, trade and trade related service and with sales in the range of 100 to 1,000 million SEK. Novax level of participation varies from sizable minorities to wholly owned subsidiaries. Novax current investments include among others Filippa K (55%); DesignTorget (100%); RCO Security (60%); Educations.com Media Group (38%); Medius (38%); Concept Motion (33%); Json Handels (29%) and Hyper Island (18%).