Axactor SE

Ex right to participate in the fully underwritten subsequent repair offering today 23 November 2015

NMG: PRESS RELEASE DATED 2015-11-23

Reference is made to the announcements by Nickel Mountain Group AB (publ.)

("NMG" or the "Company") dated 17 November 2015 and 20 November 2015.

The shares in NMG will trade excluding the right to participate in the fully

underwritten subsequent repair offering from and including today, 23 November

2015 (ex-date).

For and on behalf of Nickel Mountain Group AB

Torbjörn Ranta

For information, please contact Torbjörn Ranta

Tel: + 46 8 402 28 00

Cell Phone: +46 708 855504

Cautionary Statement: Statements and assumptions made in this document with

respect to Nickel Mountain Group AB's ("NMG") current plans, estimates,

strategies and beliefs, and other statements that are not historical facts, are

forward-looking statements about the future performance of NMG. Forward-looking

statements include, but are not limited to, those using words such as "may",

"might", "seeks", "expects", "anticipates", "estimates", "believes", "projects",

"plans", strategy", "forecast" and similar expressions. These statements reflect

management's expectations and assumptions in light of currently available

information. They are subject to a number of risks and uncertainties, including,

but not limited to, (i) changes in the economic, regulatory and political

environments in the countries where NMG operates; (ii) changes relating to the

geological information available in respect of the various projects undertaken;

(iii) NMG's continued ability to secure enough financing to carry on its

operations as a going concern; (iv) the success of its potential joint ventures

and alliances, if any; (v) metal prices, particularly as regards nickel. In the

light of the many risks and uncertainties surrounding any mineral project at an

early stage of its development, the actual results could differ materially from

those presented and forecast in this document. NMG assumes no unconditional

obligation to immediately update any such statements and/or forecasts.

AI Terminal