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2016-05-13

ANOTO GROUP AB: REPORT JANUARY – MARCH 2016

Anoto Group AB
Quarterly report

REPORT JANUARY – MARCH 2016

-- Net sales in the period was MSEK 45 (43).
-- The Gross margin for the period was 40% (59%). Gross profit for the period
was MSEK 18 (25).
-- Earnings before depreciation and amortization (EBITDA) for the period was
MSEK -55 (-12).
-- The Result after tax for the period was MSEK -62 (-6).
-- Earnings per share before and after dilution for the period was SEK -0.06
(-0.01).
-- Cash flow during the period was MSEK -2 (29). Cash flow from operating
activities before changes in working capital for the period was MSEK -55
(-4). Cash flow from financing activities during the period was MSEK 30
(33).

Anoto Group AB
As a pure holding company, Anoto Group AB has a limited number of corporate
functions.

Accounting policies
This interim report was prepared in accordance with IAS 34, Interim Financial
Reporting and applicable parts of the Swedish Annual Accounts Act chapter 9.
For information about the accounting policies applied, refer to the 2015 annual
report. The accounting policies are unchanged from those applied in 2015.

Risk factors and uncertainties
At the close of the period, the group’s total cash amounted to MSEK 9.
The Company does not have sufficient funds to operate for the next twelve
months from the publishing date of this report. The Company’s Board of
Directors believes, based on the current business model and projected revenue
growth, that the Company will require additional working capital of 30 MSEK due
to the increased production of digital pens during Q4 of 2016. The required
working capital will be secured through additional financing with or without
deviation from the shareholders’ preferential rights.
No significant additional risks are deemed to have arisen beyond those
described in the prospectus dated May 2nd 2016.

Related party transactions
One of the largest shareholders of Anoto, Aurora Investment Ltd (owned by
TStone), has been represented on the board of directors since the Annual
Meeting in May 2010. Transactions with companies within the TStone group
amounts to MSEK 3 during 2016. All transactions have been made on normal
commercial conditions.
Antonio Mugica, representing the second largest shareholder (Goldeigen
Kapital), is also the CEO of Anotos partner Smartmatic, has been a member of
the Board since the AGM 2014. Transactions with companies Smartmatic amounts to
MSEK 1 during 2016. All transactions have been made on normal commercial
conditions.

Transactions and activities after MARCH 31, 2016.
The Company initiated a strategic restructuring on April 22, 2016 that is
expected to be completed by the end of June 2016. The primary focus of the
restructuring is to improve the Company’s efficiency within product development
and sales activities as well as streamlining of general operations and
utilization of resources. The restructuring is projected to lead to annual
savings of 40 MSEK following a one-time cost of approximately 8 MSEK over the
next six months.
On May 2, 2016 the Company secured an additional 10 MSEK of bridge funding
through a Swedish Bank.

SHARE DATA
The Anoto share is listed on the NASDAQ OMX Nordic Small Cap List in Stockholm.
The total number of shares at the end of the period amounts to 1,073,193,827.

LEGAL ACTIVITIES
The Company has filed patent infringement suits in Japan against NeoLAB
Corporation (“NeoLAB), a subsidiary of NeoLAB Convergence, and Uchida Yoko Co.
Ltd. Anoto is seeking all available remedies, including but not limited to
injunctive relief against importation of NeoLAB’s pen products and notebooks.

The lawsuits, filed with the Civil Division of the Tokyo District Court, are
based on Anoto’s Japanese patents 4245474, 4928696, and 4613251. The suits are
focused on Anoto’s patented methods for digital pen design and optical pattern
processing.

The lawsuit is ongoing.

Anoto Group AB may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was submitted for
publication at 08.30 on May 13, 2016.

For more information, see www.anoto.com/investors.

Calendar 2016

AGM 9th June

For more information Please contact:

Joonhee Won, CEO
Email: ir@anoto.com

Anoto Group AB (publ.), Corp. Id. No. 556532-3929
Mobilvägen 10,SE-223 62 Lund
Phone: +46 46 540 12 00
www.anoto.com

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