Axactor SE — Major Shareholding Notification 2020

Feb 24, 2020

DISCLOSURE OF TRADE

DISCLOSURE 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 24 February 2020 acquired 250,000 shares in Axactor SE

("Axactor") at a purchase price of NOK 14.8296 per share. Following the

acquisition, Geveran will own 58,135,233 shares in Axactor which will constitute

31.36% 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.