Exercise of employee share options

Reference is made to the statement dated March 16. The payment has been determined based on a selling price of (price) per share.

Robin Knowles purchased 1.218.872 shares at a price of 2,5705

Lars Valseth purchased 121.886 shares at a price of 2,5705

After this, primary insides holds;

Robin Knowles holds unexercised options in the Company, corresponding to 1.840.000 shares at the average strike price of NOK 1,271 and unexercised options corresponding to 1.250.000 shares at the average strike price of NOK 3,350

Lars Valseth holds unexercised options in the Company, corresponding to 184.000 shares at the average strike price of NOK 1,271

For additional information, please contact:

Johnny Tsolis, CFO, Axactor

Mobile phone: +47 913 35 461

Email: johnny.tsolis@axactor.com