Axactor SE

Related Party Transaction • Nov 7, 2013

IGE: Subscription in convertible loan

Board member of IGE Resources AB (IGE), Svein Breivik, has subscribed for a participation of NOK 300 000 in IGE's ongoing loan offering at NOK 0,38 per share, corresponding to 789 474 shares.

Svein Breivik has previously lent IGE SEK 155 000 which after conversion at the relevant conditions will correspond to 485 315 shares.

The total number of shares controlled by Svein Breivik will be 2 553 779 after the conversions.

For any questions with regard to this press release, please contact:

Erlend Dunér Henriksen

Deputy board member, IGE Resources AB

Mobile: +47 920 18 950

E-mail: erlend@henriksen.as

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For general information with regard to IGE Resources AB, please contact:

Stefan Persson

Chairman, IGE Resources AB

Phone: +46 8 402 28 00 / Mobile: +46 70 486 21 90

E-mail: info@ige.se

IGE Resources AB (publ) is a Swedish company headquartered in Stockholm. Its shares are listed on the Oslo Stock Exchange (ticker: IGE). Please refer to www.ige.se or www.nickelmountain.se for more detailed information.