Mandatory Notification of Trade

Endre Rangnes, CEO of Axactor SE, has today purchased 500,000 shares in the Company at an average price of NOK 4.9903 per shares. After this transaction Mr. Rangnes and Alpette AS, a company owned by Mr. Rangnes, controls 3,025,643 shares in the Company.

In addition Susanne Schneider, who is a related party to Mr. Endre Rangnes, has today purchased 300,000 shares at an average price of NOK 5.0477 per share. After this transaction Mrs. Schneider controls 339,832 shares in the Company.