Axactor SE — Share Issue/Capital Change 2021

Mar 9, 2021

Axactor SE – Registration of share capital increase following the subsequent offering

Axactor SE – Registration of share capital increase following the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN

AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

Oslo, Norway – 09 March 2021

AXACTOR ANNOUNCES REGISTRATION OF SHARE CAPITAL INCREASE

Reference is made to previous announcements by Axactor SE ("Axactor" or the

"Company", OSE ticker code "ACR") regarding a subsequent offering of up to

26,750,000 new shares in the Company (the "Offer Shares") at a subscription

price of NOK 8.00 per Offer Share (the "Subsequent Offering") and the prospectus

dated 5 February 2021 prepared by Axactor in connection therewith (the

“Prospectus”).

The share capital increase pertaining the subsequent offering with a nominal value of EUR 0.523423187712375 per share, has now been registered in the Norwegian Register of Business Enterprises, and the Company's share capital has been increased with EUR 14,001,570.27130603. Shares allocated in the Subsequent Offering are tradable on Oslo Stock Exchange (subject to timely payment from investors).

Following registration of the share capital increase, the Company has an issued

share capital of EUR 158,149,941.91971477, divided into 302,145,464 shares, each

with a par value of EUR 0.523423187712375.

For further information, please contact:

Kyrre Svae

Interim CFO | Chief of Strategy & IR

kyrre.svae@axactor.com

(+47) 478 39 405