Axactor SE — Share Issue/Capital Change 2021

Feb 18, 2021

Axactor SE - Sale of subscription rights by primary insiders in the subsequent offering

Axactor SE - Sale of subscription rights by primary insiders in the subsequent offering

Oslo, 18 February 2021

Reference is made to the stock exchange announcements from Axactor SE

(“Axactor” or the "Company") on 9 December 2020 regarding a number of measures

to strengthen the financial platform of the Company, including (i) a private

placement raising gross proceeds of NOK 320 million (the "Private Placement"),

(ii) a potential subsequent offering of up to 26,750,000 new shares at a

subscription price of NOK 8.00 per offer share (the “Subsequent Offering”) and

(iii) the acquisition of the 50% interest in Axactor Invest held by Geveran with

consideration consisting of shares in Axactor (the “Axactor Invest Roll-up”).

Latino Invest AS a company controlled by Johnny Tsolis, CEO in Axactor SE, has today sold 288,082 subscription rights at NOK 0.2857 per right, further Latino Invest AS will subscribe to 10,000 shares in the subsequent offering. Johnny Tsolis privately subscribed to 130,000 shares in the Private placement announced on 9 December 2020. Johnny Tsolis own 1,700,000 shares in the company partly held privately and partly through Latino Invest AS, not including the 10,000 shares he will subscribe to in the subsequent offering.

For further information please contact:

Kyrre Svae

Interim CFO | Chief of Strategy & IR

kyrre.svae@axactor.com

(+47) 478 39 405