Axactor SE

Nickel Mountain Group AB (NMG): Change in number of shares and votes

As already informed, NMG has in November 2015 conducted a private placement of

shares. In total, 400,000,000 new shares were issued (A-shares in the process of

being converted to ordinary shares). Total number of shares and votes post the

issue (and conversion) thereby increased from 90,809,360 to 490,809,360.

The share capital increased by SEK 200,000,000 to SEK 245,404,680.

This announcement follows standard information requirements for Swedish public

companies at end of month during periods when the share capital has been

changed.

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

Torbjörn Ranta

For information, please contact Torbjörn 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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