ACQUISITION OF PROFACT, SWEDEN SUCCESSFULLY COMPLETED

Reference is made to the announcement

by Axactor AB (publ) ("Axactor") on 28 February 2017 concerning

the acquisition of Profact, Sweden.

The Company is pleased to announce that on 1 March 2017, the

acquisition was successfully completed.

For further information, please contact:

Geir Johansen

Chief Financial Officer

Mail: geir.johansen@axactor.com

Cell Phone: +47 477 10 451