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 26 February 2020 acquired 200,000 shares in Axactor SE ("Axactor") at a purchase price of NOK 13.4513 per share. Following the acquisition, Geveran will own 58,437,772 shares in Axactor which will constitute 31.52% of the shares and votes in Axactor. The foregoing calculations are based on 185,395,464 outstanding shares in Axactor. This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.