Axactor SE

Board/Management Information • Nov 19, 2015

PRESS RELEASE NMG DATED 2015-11-19

Changes in the management team of Nickel Mountain Group

Reference is made to the stock exchange notice from Nickel Mountain Group AB (publ.) ("NMG") on 16 October 2015 regarding the acquisition of ALD Abogados S.L. and the new strategy and focus of NMG on debt collection. As announced, NMG also intended to make changes to the management team. With effect from today, Endre Rangnes is appointed as the Chief Executive Officer and Johnny Tsolis is appointed as Head of Strategy and Projects.

Torbjörn Ranta will continue in NMG as responsible for the mineral exploration business.

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

Torbjörn Ranta

For information, please contact Torbjörn Ranta Mail: torbjorn.ranta@nickelmountain.se Tel: + 46 8 402 28 00 Cell Phone: +46 708 855504

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.