Mandatory Notification of Trade

Oslo, 13 March 2020

Terje Mjøs Holding AS, a company directly controlled by a member of the Board of Directors of Axactor SE, Terje Mjøs, has on 13 March 2020 purchased 40,000 shares in the Company at an average price of 6.70 per share. After this transaction Mr Terje Mjøs and Terje Mjøs Holding AS controls 100,000 shares in the Company.