Axactor SE

AGM Information • Sep 10, 2014

Nickel Mountain Group convenes Extraordinary General Meeting

Nickel Mountain Group convenes Extraordinary General Meeting

Nickel Mountain Group AB ("NMG" or the "Company") today convenes an

Extraordinary General Meeting for October 10, 2014 in Stockholm, upon

request by the Company's new major shareholder, Strata Marine & Offshore

AS ("Strata").

The agenda of the EGM is approval of a proposed fully-underwritten NOK

68 million rights issue ("Rights Issue") and a corresponding change in

the Company's share capital limits, election of a new Board of Directors

and a Board authorisation to issue new shares or other financial

instruments with or without observing the shareholders' preferential

rights corresponding to a maximum dilution of 50 percent following

completion of the proposed Rights Issue. This mandate replaces the

mandate given to the Board of Directors at the AGM in June 2014.

The Rights Issue is fully-underwritten by Strata Marine & Offshore AS,

the Company's largest shareholder, and a group of institutional

investors and family offices.

The net proceeds from the Right Issue will strengthen the Company's

balance sheet and liquidity position and give the Company flexibility to

operate. The net proceeds will be used for general corporate purposes,

including financing the next step of the PFS. The Company will carefully

evaluate the PFS funding, including considering the involvement of

partners, if relevant.

Right issue:

The proposed Rights Issue will consist of up to approximately 68 million

new shares, of where each share owned as of 17 October 2014, will give

the right to subscribe for three new shares at a subscription price of

NOK 1. Transferable subscription rights will be issued and listed on the

Oslo Stock Exchange. Oversubscription and subscription without

subscription rights is allowed. The subscription period is expected to

commence on 22 October 2014 and end on 5 November 2014 at 16:30 CET.

Trading in the subscription rights on the Oslo Stock Exchange may take

place from and including 22 October 2014 and until 3 November 2014 at

16:30 CET. The dates above are indicative and may be subject to change.

A prospectus in regards to the Rights Issue will be published upon

approval by the Swedish Financial Supervisory Authority.

Carnegie AS acts as financial advisor to NMG in connection with the

proposed Rights Issue.

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

AB:

Torbjörn Ranta

Managing Director

For more 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 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.

Torbjörn Ranta

Managing Director

Tel: 46 8 402 28 00

Mobile: 46 708 855504

E-mail: torbjorn.ranta@nickelmountain.se

The vision of Nickel Mountain Group AB is to be an explorer and miner

recognized for our attractive assets and ability to effectively run

projects from exploration to commercialization, leaving a lasting

footprint within the regions we operate through investments, community

engagement and transfer of expertise.