Axactor SE - Sale of subscription rights by primary insiders in the subsequent offering

Oslo, 12 February 2021

Reference is made to the stock exchange announcements from Axactor SE
(“Axactor” or the "Company") on 9 December 2020 regarding a number of measures
to strengthen the financial platform of the Company, including (i) a private
placement raising gross proceeds of NOK 320 million (the "Private Placement"),
(ii) a potential subsequent offering of up to 26,750,000 new shares at a
subscription price of NOK 8.00 per offer share (the “Subsequent Offering”) and
(iii) the acquisition of the 50% interest in Axactor Invest held by Geveran with
consideration consisting of shares in Axactor (the “Axactor Invest Roll-up”).

Primary insider Lars Valseth has today sold 3.527 granted subscription rights at NOK 0,4606 per right. Lars Valseth holds 12.188 shares in the Company.

Sicubi AS, a company controlled by primary insider Bente Brocks, has today sold 4.888 granted subscription rights at NOK 0,4450 per right. Bente Brocks holds 16.200 shares in the Company through Sicubi AS.

For further information please contact:

Kyrre Svae
Interim CFO | Chief of Strategy & IR
kyrre.svae@axactor.com
(+47) 478 39 405