Axactor ASA: Exercise of employee share options under long term incentive program

Key employees of Axactor ASA ("the Company") have on 1 July 2025 exercised 1,183,337 share options out of 1,650,004 vested share options under the long-term incentive program, ESOP2022. The Board of Directors has decided in accordance with the terms and conditions of the long-term incentive program, on a cash settlement of the share options. After this share option exercise, the Company has 466,667 outstanding share options under ESOP2022. New exercise windows will be made available following the end of each quarter after the announcement of the Company’s quarterly financial results.

The following primary insiders of the Company have exercised share options:

• Johnny Tsolis, CEO: 333,334 options
• Kyrre Svae, Deputy CEO & CSO: 91,667 options
• Nina Mortensen, CFO: 91,667 options
• Arnt Andre Dullum, COO: 91,667 options
• Vibeke Ly, Chief of Staff: 91,667 options

Please refer to the attached schedules for further details.

This information is subject to the disclosure requirements in Article 19 of the Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.