Allotment of employee stock options

Oslo 28 August 2017 - On 31 May 2017, the annual general meeting

of Axactor AB (publ) resolved to issue a new incentive program for

the group management, country managers, employees in managing

positions within each country manager's organizations respectively

and other key employees (the "Program").The new Program is based

on the same principles as the previous program issued in November

2015. The duration of the Program is four years. Under the

Program, the board of directors was authorised to award employee

stock options that in total give the right to subscribe for up to

40 million new shares in Axactor AB (publ). As per today, a total

of 14,500,000 employee stock options have been awarded to members

in the group management and other important key employees on the

group level. The complete terms and conditions for the Program can

be found at https://www.axactor.com/sites/default/files/item_16a_-

_stock_option_program_a_2017_-_1064866_v2.pdf.

The following primary insiders have been awarded employee stock

options under the Program:

Endre Rangnes, CEO, has been awarded 5,000,000 options in Axactor

AB (publ)

Johnny Tsolis, EVP & S&P, has been awarded 3,000,000 options in

Axactor AB (publ)

Oddgeir Hansen, COO, has been awarded 3,000,000 options in Axactor

AB (publ)

Geir Johansen, CFO, has been awarded 750,000 options in Axactor AB

(publ)

Robin Knowles, EVP PA, has been awarded 1,250,000 options in

Axactor AB (publ)

Siv Farstad, EVP HR, has been awarded 1,000,000 options in Axactor

AB (publ)

Anders Gulbrandsen, Treasury Manager, has been awarded 200,000

options in Axactor AB (publ)

Eilif Drageseth, Business Controller, has been awarded 100,000

options in Axactor AB (publ)

Anita Høst, Head of Legal and Compliance, has been awarded 200,000

options in Axactor AB (publ)

One option can be converted into one share in Axactor AB (publ).

For additional information, please contact:

Endre Rangnes, CEO Axactor

Mobile phone: +47 4822 1111

Email: endre.rangnes@axactor.com

or

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +47 4771 0451

Email: geir.johansen@axactor.com