Axactor SE — Share Issue/Capital Change 2014

Jan 31, 2014

PRESSRELASE DATED 2014-01-31

NMG: First day of trading of newly issued shares - Change in number of shares, voting rights and share capital

As recently informed to the market, Nickel Mountain Group AB (publ) ("NMG" or "Company") has this week conducted a share issue versus payment via set-off of debt. The number of issued shares was 3,052,799. These additional new shares will be delivered to the shares accounts of the subscribers as of Monday February 03, 2014.

Total number of shares and votes post the issue thereby increased from 18,174,922 to 21,227,721.

The share capital increased by SEK 1,526,399.50 to SEK 10,613,860.50.

The information regarding number of shares, votes and share capital follows standard information requirements for Swedish public companies at end of month during periods when the share capital has been changed.

For and on behalf of the Board of Directors of Nickel Mountain Group AB

Torbjorn Ranta Managing Director

For information, please contact

Torbjorn Ranta Mail: torbjorn.ranta@nickelmountain.se Tel: + 46 8 402 28 00 Mobile: +46 708 855504

or

Erlend Dunér Henriksen Deputy board member Mail: erlend@henriksen.as Mobile: +47 920 18 950

Nickel Mountain Group AB(publ)is a Swedish company headquartered in Stockholm. The Company's shares are listed on the Oslo Stock Exchange (ticker: NMG). For more information please visit www.nickelmountain.se