Axactor SE

AXA - Increase in share capital related to private placement of 220,400,000 new shares

Oslo, 30.05 2016 - Reference is made to the stock exchange announcement from

Axactor AB ("Axactor" or the "Company") published 26 May 2016 regarding the

successfully completed private placement of 220,400,000 new shares (the

"Private Placement Shares") at a price of NOK 1.70 per share (the "Private

Placement"). Carnegie and DNB Markets (the "Managers") acted as joint

bookrunners in the Private Placement.

The Company has received confirmation that the share capital increase of SEK

110,200,000 divided into 220,400,000 Private Placement Shares has been

registered by the Swedish Companies Registry. The new registered share

capital of Axactor is consequently SEK 438,307,180 divided into 876,614,360

shares, each with a par value of SEK 0.50, not taking into account the

additional 49,033,589 consideration shares pending issuance to the sellers

of IKAS (the "IKAS Shares") as announced on 7 April 2016 and 26 May 2016.

The Company expects to register the IKAS Shares as soon as practically

possible after the completion of the Private Placement and at the latest

within June 2016.

The payment and registration of the Private Placement Shares has been done

based on pre-funding from the Managers. As previously announced, the Company

and the Managers have entered into an agreement related to pre-funding of

the payment for the Private Placement Shares (the "Pre Funding Agreement").

The Pre Funding Agreement regulates inter alia certain rights and

obligations of the Company and the Managers related to the pre-funding.

Payment for the Private Placement Shares from the subscribers in the Private

Placement is expected to take place on or about 3 June 2016. The Private

Placement Shares are expected to be delivered to the subscribers' accounts

with the Norwegian Central Securities Depositary (the "VPS") on or about 6

June 2016, subject to approval of a listing prospectus (the "Prospectus") by

the Swedish Financial Supervisory Authority ("SFSA") which is expected on or

about 2 June 2016.

The Private Placement Shares will not be tradable on the Oslo Stock Exchange

before the Prospectus has been approved by the SFSA and passported into

Norway.

The Company will issue a stock exchange announcement once the Prospectus has

been approved and passported.

For further information, please contact:

Geir Johansen

Chief Financial Officer

Cell Phone: +47 477 10 451

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