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DISCLOSURE OF TRADE

Axactor Group

Oslo 31 May 2019 -

Geveran Trading Co. Limited ("Geveran"), a company indirectly controlled by
trusts established by Mr. John Fredriksen for the benefit of his immediate
family, has on 31 May 2019 acquired 665,039 shares in Axactor SE ("Axactor") at
a purchase price of NOK 18.00 per share. Following the acquisition, Geveran will
own 38,572,187 shares in Axactor which will constitute 24.82% of the shares and
votes in Axactor. Geveran also holds 13,000,000 warrants exchangeable into
13,000,000 ordinary shares in Axactor (the "Warrants"). The Warrants entitles
Geveran to subscribe Axactor shares at NOK 32.50 per share until 24 October
2019. Assuming all Warrants are exercised, Geveran would own 51,572,187 shares
in Axactor constituting 33.19% of the shares and votes in Axactor. The foregoing
calculations are based on 155,395,464 outstanding shares in Axactor. This
information is subject to the disclosure requirements set out in sections 4-2 of
the Norwegian Securities Trading Act.