Axactor SE

NMG - The private placement shares are now tradable on the Oslo Stock Exchange

Press release dated 2015-12-04

Reference is made to the stock exchange announcement dated 24 November, 2015

regarding the share capital increase in Nickel Mountain Group AB (publ.) (the

"Company", ticker "NMG") in connection to the private placement of 400,000,000

shares (the "Private Placement Shares") and the stock exchange announcement

dated 2 December, 2015 regarding the conversion of the Private Placement Shares

to the ordinary shares in the Company with the Swedish Companies Registery.

The conversion of the Private Placement Shares into ordinary shares in the

Company with ISIN SE0005569100 is now reflected in Euroclear and the VPS. The

Private Placement Shares are listed and tradable on the Oslo Stock Exchange

under the trading symbol "NMG".

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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