Axactor ASA: Mandatory Notification of Trade by Primary Insiders

Oslo, 21 August 2023

Terje Mjøs, Chair of Board of Axactor ASA, has on 18 August 2023 acquired
100,000 shares in the Company at an average price of 5.41 per share. After this
transaction Terje Mjøs controls 600,000 shares in the Company.

Karl Mamelund, member of the Axactor ASA Executive Management Team, has on 18
May 2023 acquired 25,000 shares in the Company at an average price of 5.27
per share. After this transaction Karl Mamelund controls 175,000 shares in
the Company.

Please refer to the attached notifications of transactions for further details.

This information is subject to the disclosure requirements in
Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading
Act section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

597336_KRT_1500_Terje_Mjos.pdf
597336_KRT_1500_Karl_Mamelund.pdf