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03 May 2021, 08:30 CET

Axactor Group

Press release

Axactor SE: Nina Mortensen appointed CFO

Nina Mortensen has been appointed Chief Financial Officer (CFO) of Axactor SE (Axactor, OSE: ACR) from 1 August 2021.

I am happy and proud to announce that Nina will become the new CFO of Axactor. Nina’s extensive experience from various leadership positions in the finance area, together with her strong business focus, will make an excellent contribution to Axactor in our work to grow and develop the company. The appointment supports Axactor’s new phase and our key priorities, and I look forward to work with her across the business and in the executive management
team,” says Johnny Tsolis, CEO at Axactor.

Nina Mortensen is currently Head of Corporate Controlling and Finance Operations at TietoEVRY. She has also held several financial leadership positions within
EVRY and served as interim CFO for the EVRY group. She brings experience in financial governance and transformations, finance operations and mergers &
acquisitions, as well as strong leadership skills.

“I am excited about joining Axactor, particularly during such an important time for the company, to accelerate the strategy implementation and to continue to
drive the financial performance. With its unique assets and leadership position in the European market, I very much look forward to grow and develop the company
together with all Axactor’s co-workers and the executive management team,” says Nina Mortensen.

Nina Mortensen holds a master’s degree in economics and business administration from the Norwegian School of Economics (NHH) and is a certified public
accountant (CPA). She will be a part of the executive management team and report to the CEO Johnny Tsolis.

Nina will assume her position as the new CFO in August 1st, 2021 at the latest. Kyrre Svae will hold the position of acting CFO until Nina starts at Axactor and
will then continue in his role as the Chief of strategy and IR of Axactor.

For additional information, please contact:

Johnny Tsolis, CEO Axactor, Mobile phone: +47 913 35 461 Email:
johnny.tsolis@axactor.com