Axactor SE

Major Shareholding Notification • Feb 26, 2020

DISCOSURE OF TRADE

DISCOSURE OF TRADE

Geveran Trading Co. Limited ("Geveran"), a company indirectly controlled by

trusts established by Mr. John Fredriksen for the benefit of his immediate

family, has on 26 February 2020 acquired 200,000 shares in Axactor SE

("Axactor") at a purchase price of NOK 13.4513 per share. Following the

acquisition, Geveran will own 58,437,772 shares in Axactor which will constitute

31.52% of the shares and votes in Axactor. The foregoing calculations are based

on 185,395,464 outstanding shares in Axactor. This information is subject to the

disclosure requirements set out in section 4-2 of the Norwegian Securities

Trading Act.