Key information relating to the reverse share split and change of ISIN code in Axactor AB (publ)

Reference is made to the stock exchange report made on May 4, 2018 regarding the ordinary general meeting's resolution of a reverse share split with a ratio of 10:1.

The company has resolved that the reverse split shall be implemented based on the key dates set out below:

Date on which the corporate action was made public: May 4, 2018

Reverse split ratio: 10:1 (10 existing shares give 1 new share)

Last day including right: May 30, 2018

Ex-date: May 31, 2018

Record date: June 1, 2018

Date of approval: May 4, 2018

Other information: After the completion of the reverse split, the company will have 154,448,102 shares outstanding, each with a nominal value of EUR 0.5234232.

The ISIN code of the company's shares will change with effect from May 31, 2018. As from May 31, 2018 the company's shares will be tradable under ISIN code SE0011309319.

This information is published in accordance with the requirements in the Continuing Obligations.

Oslo, May 24, 2018

Axactor AB (publ.)

For questions please contact:

Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com