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19 February 2021, 19:46 CET

Axactor Group

Stock notice

Axactor SE – Preliminary result of the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

Reference is made to previous announcements by Axactor SE ("Axactor" or the "Company", OSE ticker code "ACR") regarding a subsequent offering of up to 26,750,000 new shares in the Company (the "Offer Shares") at a subscription price of NOK 8.00 per Offer Share (the "Subsequent Offering") and the prospectus dated 5 February 2021 prepared by Axactor in connection therewith (the “Prospectus”).

The subscription period for the Subsequent Offering expired at 16:30 hours (CET) today, 19 February 2021.

Preliminary counting indicates that Axactor has received subscriptions for approximately 36.5 million Offer Shares. The preliminary counting consequently indicates a subscription of approximately 1.4 times.

The final allocation of the Offer Shares is expected to take place on 23 February 2021, in accordance with the allocation criteria set out in the Prospectus.

The final results of the Subsequent Offering will be published shortly after allocation, and letters with allocation information including subscription amount to be paid by each subscriber are expected to be distributed during the course of 23 February 2021.

The payment date for the Offer Shares allocated in the Subsequent Offering is 25 February 2021, and the delivery date for such shares is expected to be on or about 4 March 2021. The Offer Shares allocated in the Subsequent Offering are expected to be tradeable on the Oslo Stock Exchange on or about 4 March 2021.

For further information, please contact:
Kyrre Svae, Interim CFO | Chief of Strategy & IR
Mobile phone: +47 478 39 405
Email: kyrre.svae@axactor.com