Axactor SE

Major Shareholding Notification • Dec 11, 2015

Mandatory notification of trade - Nickel Mountain Group AB (publ)

Mandatory notification of trade - Nickel Mountain Group AB (publ)

Reference is made to announcement by Nickel Mountain

Group AB (publ) ("NMG") of 10 December 2015 concerning

the issue of new shares in the Company.

This corporate action has caused the holdings of

companies associated with Mr Øystein Stray Spetalen to

fall below the 15% notification threshold. At the date

hereof, companies associated with Mr Øystein Stray

Spetalen hold in total 72,251,999 shares, representing

approx. 13.5% of the share capital in NMG. Following

registration of the further share capital increases

announced by NMG on 17 November 2015, said entities

will hold approx. 12.1% (based on 596,614,360 shares).