Axactor SE

Share Issue/Capital Change • May 13, 2011

13 May, 2011

IGE RESOURCES AB (IGE): APPROVAL OF PROSPECTUS; COMMENCEMENT OF SUBSCRIPTION PERIOD

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE RELEASE FOR CERTAIN OTHER RESTRICTIONS.

OSLO, 13 May 2011

The Norwegian Financial Supervisory Authority has today approved the prospectus dated 13 May 2011 (the "Prospectus") describing the fully underwritten rights issue and listing on the Oslo Stock Exchange of 1,805,618,810 offered shares at a subscription price of NOK 0.02 per offered share with subscription rights for existing shareholders as per 27 April 2011, and in addition, the offer and listing on the Oslo Stock Exchange of up to 902,809,405 additional shares offered at a subscription price of NOK 0.02 per additional share to participants in the rights issue who have not been allocated all shares they have subscribed for in the rights issue. The Prospectus has also been passported into Sweden in accordance with chapter IV of Directive 2003/71/EC.

Shareholders who on the record date (27 April 2011) were registered as shareholders in IGE will be granted tradable subscription rights. For every ten share held on the record date, IGE will issue one subscription right. Each subscription right grants the owner the right to subscribe for and be allocated ten new shares. A total of 180,561,881 subscription rights have been issued. Over-subscription and subscription without subscription rights is permitted, however, there can be no assurance that offered shares will be allocated for such subscriptions.

Subscription rights registered in VPS will be listed on Oslo Stock Exchange with ticker code "IGE S" and registered in VPS with ISIN SE 0003945104.

The subscription period is 16 May 2011 (09:00 CET) to 30 May 2011 (17:30 CET) and trading in the subscription rights can be performed in the period from 16 May 2011 (09:00 CET) to 25 May 2011 (17:30 CET).

Subscription rights that are not exercised and used for subscription of offered shares prior to the expiry of the subscription period will be of no value.

The Prospectus is dated 13 May 2011, and is available on the Company's website (www.ige.se) and the website of the Manager Terra Markets (www.terramarkets.no). A printed version of the Prospectus including subscription form may be obtained free of charge at the premises of the company, as well as from the office of the Manager Terra Markets. Subscription shall be made by returning a signed subscription form as further described in the Prospectus.

The information in this announcement is subject of the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs - Continuing Obligations.

For additional information, please contact:

Thomas Carlsson CFO and acting CEO, IGE Resources AB Tel: +46 8 402 28 05 / +46 70 552 26 22 E-mail: thomas.carlsson@ige.se

IGE Resources AB (publ) is a Scandinavian company mainly focusing on diamonds exploration and production in Southern Africa. IGE's portfolio also includes one of Northern Europe's largest nickel deposits and gold exploration projects in Kenya. IGE is headquartered in Stockholm and its shares are listed on the Oslo Stock Exchange (ticker: IGE). Please refer to www.ige.se for more detailed information.