Axactor SE

Share Issue/Capital Change • May 30, 2014

NMG: Change in share number, recent changes of insider holdings and last trading day including right to ADIAM dividend

NMG: Change in share number, recent changes of insider holdings and last trading day including right to ADIAM dividend

(NMG)

· Change in number of shares and votes by month end

As already informed, NMG in May 2014 conducted an issue of shares versus

set-off of debt. In total, 1,474,619 new shares were issued. Total

number of shares and votes post the issue thereby increased from

21,227,721 to 22,702,340.

The share capital increased by SEK 737,309.50 to SEK 11,351,170.

These newly issued shares will be tradable on the Oslo Stock Exchange as

from today, May 30, 2014.

This announcement follows standard information requirements for Swedish

public companies at end of month during periods when the share capital

has been changed.

· Changes in share holdings by NMG insiders

As a result of the May 2014 set-off issue described above, certain Board

Directors and other related parties acquired shares in NMG. The relevant

changes are the following:

· Last trading day of the NMG share on the Oslo stock exchange

including the right to receive dividends of ADIAM-shares

NMG has this week communicated at several occasions that the for long

announced and planned dividend of shares in subsidiary African Diamond

AB ("ADIAM") takes place within soon. The record date for determining

the right to a dividend of 1:1 (one ADIAM share for each existing NMG

share on the record date) is June 4, 2014. The last trading day of the

NMG share including the dividend right is today, Friday, May 30.

Consequently, the first day excluding the dividend will be Monday, June

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

Torbjorn Ranta

Managing Director

For information, please contact:

Torbjorn Ranta

Managing Director

Tel: +46 8 402 28 00

Mobile: +46 708 855504

E-mail: torbjorn.ranta@nickelmountain.se

Or contact:

Erlend Dunér Henriksen

Deputy board member

Mobile: +47 920 18 950

E-mail: erlend@henriksen.as

Nickel Mountain Group AB (publ) is a Swedish company headquartered in

Stockholm. The Company's shares are listed on the Oslo Stock Exchange

(ticker: NMG). Please refer to www.nickelmountain.se for more detailed

information.

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.