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Exercise of employee share options

Axactor Group

Oslo 02 May 2019 -

On May 2th 424.350 options in the Company was exercised and 424.350 shares will
be issued by the company.

Options exercised by primary insiders

Anders Gulbrandsen has exercised 5 400 options in the Company, corresponding to
5 400 shares at the strike price of NOK 12,50.
Bente Brocks has exercised 5 400 options in the Company, corresponding to 5 400
shares at the strike price of NOK 12,50.
Siv Farstad has exercised 40 500 options in the Company, corresponding to 40 500
shares at the strike price of NOK 12,50.
Robin Knowles has exercised 108 000 options in the Company, corresponding to 108
000 shares at the strike price of NOK 12,50.

Transfer of rights

On May 2th the primary insiders Robin Knowles and Siv Farstad transferred their
rights to receive shares resulting from the exercise of options to a third
party. The sales amount will be finally determined on the basis of the price
subsequently obtained by the third party when selling the shares in the market.
Still, primary insiders cannot be held liable for losses incurred by the third
party if the shares are later sold below the strike price. Final compensation
for the transferred rights will be reported to Oslo Børs when known.

Purchase of shares

On May 2th, the primary insiders Robin Knowles and Siv Farstad entered into an
agreement to use 100 % of the compensation mentioned above to purchase shares.
When known, the final number of shares, along with the compensation, will be
reported to Oslo Børs.

New holding

After exercising options, primary insider holds ;
Robin Knowles holds 317 228 unexercised options in the Company corresponding to
317 228 shares. After this transaction, Robin Knowles holds 241.333 shares in
Axactor SE.

Siv Farstad holds 128 500 unexercised options in the Company, corresponding to
128 500 shares. After this transaction, Siv Farstad holds 281.000 shares in
Axactor SE.

Bente Brocks holds 170 028 unexercised options in the Company, corresponding to
170 028 shares. After this transaction, Bente Brocks holds 16.200 shares in
Axactor SE.

Anders Gulbrandsen holds 23 800 unexercised options in the Company,
corresponding to 23 800 shares. After this transaction, Anders Gulbrandsen holds
22.375 shares in Axactor SE.

For additional information, please contact: Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com