Axactor - Preliminary results of the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN

PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR

THE UNITED STATES

Oslo, 13 December 2016 - Reference is made to the stock

exchange releases from Axactor AB (publ) ("AXA" or the

"Company") published 25 October 2016 regarding the

commencement of the subscription period for the subsequent

repair offering of up to 50,000,000 new shares ("Offer

Shares") in the Company (the "Subsequent Offering").

The subscription period in the Subsequent Offering expired at

16:30 hours (CET) yesterday, 12 December 2016. The preliminary

results indicate that a total of 125.8 million shares were

subscribed for and the Subsequent Offering was consequently

oversubscribed. The preliminary result indicates that 421.1

million subscription rights were utilised. Twelve subscription

rights gave the holder a right to subscribe and be allocated

for one Offer Share in the Subsequent Offering.

The Board of Directors will resolve the allocation of the

Offer Shares as soon as possible and according to the

allocation principles set out in the prospectus dated 25

November 2016. The final result will be made available as soon

as the allocation has been resolved by the Board of Directors.

Carnegie and DNB Markets acted as Managers for the Subsequent

Offering.

For further information, please contact:

Endre Rangnes

Chief Executive Officer

Mail: endre.rangnes@axactor.com

Tel: + 46 8 402 28 00

Cell Phone: +47 48 22 11 11

Geir Johansen

Chief Financial Officer

Mail: geir.johansen@axactor.com

Cell Phone: +47 47 71 04 51

Important information:

The release is not for publication or distribution, in whole

or in part directly or indirectly, in or into Australia,

Canada, Japan or the United States (including its territories

and possessions, any state of the United States and the

District of Columbia).

This release is an announcement issued pursuant to legal

information obligations, and is subject of the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act. It is issued for information purposes

only, and does not constitute or form part of any offer or

solicitation to purchase or subscribe for securities, in the

United States or in any other jurisdiction.

The securities mentioned herein have not been, and will not

be, registered under the United States Securities Act of 1933,

as amended (the "Securities Act"). The securities may not be

offered or sold in the United States except pursuant to an

exemption from the registration requirements of the Securities

Act. The Company does not intend to register any portion of

the offering of the securities in the United States or to

conduct a public offering of the securities in the United

States. Copies of this announcement are not being made and may

not be distributed or sent into Australia, Canada, Japan or

the United States. The issue, exercise, purchase or sale of

subscription rights and the subscription or purchase of shares

in the Company are subject to specific legal or regulatory

restrictions in certain jurisdictions.

Neither the Company nor the Managers assumes any

responsibility in the event there is a violation by any person

of such restrictions.

The distribution of this release may in certain jurisdictions

be restricted by law. Persons into whose possession this

release comes should inform themselves about and observe any

such restrictions. Any failure to comply with these

restrictions may constitute a violation of the securities laws

of any such jurisdiction. The Managers are acting for the

Company and no one else in connection with the Subsequent

Offering and will not be responsible to anyone other than the

Company for providing the protections afforded to their

respective clients or for providing advice in relation to the

Subsequent Offering and/or any other matter referred to in

this release.

Forward-looking statements:

This release and any materials distributed in connection with

this release may contain certain forward-looking statements.

By their nature, forward-looking statements involve risk and

uncertainty because they reflect the Company's current

expectations and assumptions as to future events and

circumstances that may not prove accurate. A number of

material factors could cause actual results and developments

to differ materially from those expressed or implied by these

forward-looking statements.