Axactor SE

Capital/Financing Update • Jun 20, 2014

NMG: Nickel Mountain Group considers to attract a straight loan

Nickel Mountain Group ("NMG"), according to previously distributed information, is among other options investigating if it is possible to attract certain short term financing. The aim would be to ask a limited group of shareholders and other investors for straight unsecured loans with a term of maximum 12 months. Interest rate offered would be 10% per annum. NMG will update the market once something concrete has been agreed in this respect.

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

Torbjörn Ranta

Managing Director

For information on this matter, please contact:

Erlend Dunér Henriksen

Deputy board member

Mobile: +47 920 18 950

E-mail: erlend@henriksen.as

For general information, please contact:

Torbjörn Ranta

Managing Director

Tel: +46 8 402 28 00

Mobile: +46 708 855504

E-mail: torbjorn.ranta@nickelmountain.se

Cautionary Statement: Statements and assumptions made in this document with respect toNickel MountainGroupAB'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 usingwords 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 whereNMGoperates; (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 fromthose presented and forecast in this document. NMGassumes no unconditional obligation to immediately update any such statements and/or forecasts.