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Exercise of employee share options - follow up notice

Axactor Group

Oslo 06 May 2019 -

Reference is made to the statement dated 2nd of May 2019. The payment has been
determined based on a selling price of (price) per share.

Siv Farstad purchased 13 810 shares at a price of 19,4854
Robin Knowles purchased 36 827 shares at a price of 19,4854

After this:
Siv Farstad holds 690.000 unexercised options in the Company, corresponding to
690.000 shares. After completion of the abovementioned transactions, the primary
insider holds 294.810 shares in the Company.

Robin Knowles holds 1.840.000 unexercised options in the Company, corresponding
to 1.840.000 shares. After completion of the abovementioned transactions, the
primary insider holds 278.160 shares in the Company.

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