AXA: Disclosure of trade

Geveran Trading Co. Limited ("Geveran"), a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, has on 5 January 2021 subscribed 50,000,000 new shares in Axactor SE ("Axactor"). On the same date, the 12,779,950 shares that were conditionally allocated to Geveran in the private placement on 9 December 2020, became unconditional. All new shares were subscribed at NOK 8 per share.

Following the issuances of the new shares in Axactor, Geveran will own 122,017,772 shares, representing 44.31% of the outstanding share capital and voting rights. The foregoing calculations are based on 275,395,464 outstanding shares in Axactor. Geveran has confirmed that it will extend a mandatory offer to for the remaining shares of Axactor.

This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.