Axactor SE

NMG - Increase in share capital related to the acquisition of ALD Abogados S.L. and 45,805,000 new shares

Press release dated 2015-12-10

Reference is made to the stock exchange announcement dated 17 November, 2015

regarding the resolution by the extraordinary general meeting of Nickel Mountain

Group AB (publ.) ("NMG" or the "Company", ticker "NMG") to increase the share

capital in the Company following the acquisition of ALD Abogados S.L. (the "ALD

Acquisition").

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

22,902,500 divided into 45,805,000 shares (the "Consideration Shares") has been

registered by the Swedish Companies Registry. The issue of the Consideration

Shares in connection to the ALD Acquisition has hence been completed. The new

registered share capital of Nickel Mountain Group AB is SEK 268,307,180 divided

into 536,614,360 shares, each with a par value of SEK 0.50.

For and on behalf of the Board of Directors of Nickel Mountain Group AB

Torbjorn Ranta

For information, please contact Torbjorn Ranta

Tel: + 46 8 402 28 00

Cell Phone: +46 708 855504

www.nickelmountain.se

Cautionary Statement: Statements and assumptions made in this document with

respect to Nickel Mountain Group AB's ("NMG") current plans, estimates,

strategies and beliefs, and other statements that are not historical facts, are

forward-looking statements about the future performance of NMG. Forward-looking

statements include, but are not limited to, those using words such as "may",

"might", "seeks", "expects", "anticipates", "estimates", "believes", "projects",

"plans", strategy", "forecast" and similar expressions. These statements reflect

management's expectations and assumptions in light of currently available

information. They are subject to a number of risks and uncertainties, including,

but not limited to, (i) changes in the economic, regulatory and political

environments in the countries where NMG operates; (ii) changes relating to the

geological information available in respect of the various projects undertaken;

(iii) NMG's continued ability to secure enough financing to carry on its

operations as a going concern; (iv) the success of its potential joint ventures

and alliances, if any; (v) metal prices, particularly as regards nickel. In the

light of the many risks and uncertainties surrounding any mineral project at an

early stage of its development, the actual results could differ materially from

those presented and forecast in this document. NMG assumes no unconditional

obligation to immediately update any such statements and/or forecasts.

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