25 November 2016, 08:00 CET

Axactor Group

Stock notice

Publication of prospectus and commencement of subscription period in the subsequent repair offering on Monday 28 November 2016




Oslo, 25 November 2016 - Reference is made to the stock

exchange releases from Axactor AB ("AXA" or the "Company")

published 13 October 2016 regarding the successful completion

of the private placement of 230 million new shares in the

Company (the "Private Placement") and the subsequent repair

offering of up to 50,000,000 new shares in the Company (the

"Subsequent Offering").

Publication and availability of the Prospectus

The Swedish Financial Supervisory Authority has approved the

prospectus of the Company dated 25 November 2016 (the

"Prospectus"), for the (i) listing of 158,276,107 Private

Placement Tranche 2 Shares to be issued in connection with

the Private Placement, each with a par value of SEK 0.50; and

(ii) the subsequent repair offering (the "Subsequent

Offering") and listing of up to 50,000,000 new shares (the

"Offer Shares"), each with a par value of SEK 0.50.

The Prospectus can be obtained electronically by downloading

it from www.axactor.com, www.carnegie.no or

www.dnb.no/emisjoner, or by contacting Carnegie and DNB

Markets, a part of DNB Bank ASA (the "Managers"):

Carnegie AS Settlement Department

Grundingen 2, Aker Brygge

P.O. Box 684 Sentrum

N-0106 Oslo


Tel.: +47 22 00 93 00

Email: subscriptions@carnegie.no


DNB Markets, Registrars Department

Dronning Eufemias gate 30

P.O. Box 1600 Sentrum

N-0021 Oslo


Telephone: +47 23 26 81 01

Email: retail@dnb.no


Settlement of the Private Placement Tranche 2

The share capital increase in connection with the Private

Placement Tranche 2 Shares is expected to be registered in

the Swedish Companies Registry on or about 25 November 2016

and settlement to the investors in the Private Placement

Tranche 2 is expected on DVP basis on or about 29 November


Subsequent Offering

In the Subsequent Offering, the Company will, subject to

applicable securities laws, grant rights to subscribe for

Offer Shares to shareholders in the Company as of close of

trading on 12 October 2016 as registered in the Norwegian

Central Securities Depository (the "VPS") on 14 October 2016

(the "Record Date") and who were not allocated Shares in the

Private Placement, whether they had subscribed for shares in

the Private Placement or not, and who are not resident in a

jurisdiction where such offering would be unlawful, or would

(in jurisdictions other than Sweden or Norway) require any

prospectus filing, registration or similar action (each such

shareholder an "Eligible Shareholder", and collectively,

"Eligible Shareholders"). Please see section 20.5 in the

Prospectus regarding record date for shareholders registered

in Euroclear Sweden.

The subscription period in the Repair Offering commences on

28 November 2016 at 09:00 CET and will end on 12 December

2016 at 16:30 CET (the "Subscription Period").

The subscription price in the Repair Offering is NOK 2.60 per

Offer Share, which is the equal to the subscription price in

the Private Placement.

For each share held on the Record Date, each Eligible

Shareholder will be granted one Subscription Right. Twelve

Subscription Rights give the holder a right to subscribe for

one Offer Share in the Subsequent Offering. The Subscription

Rights will not be tradable or listed on the Oslo Stock

Exchange. Over-subscription in the Subsequent Offering is

permitted, while subscription without Subscription Rights is

not allowed.

In order to subscribe for shares, one of the Managers must

receive a complete and duly signed subscription form within

the end of the Subscription Period. Further instructions

regarding the subscription procedure is available in the


Subscription Rights not used to subscribe for Offer Shares

prior to 16:30 CET on 12 December 2016 will lapse without

compensations to the holder and consequently be of no value.

Notifications of allocation in the Subsequent Offering are

expected to be issued on or about 13 December 2016. The due

date for payment of allocated Offer Shares is 16 December

2016 (the "Payment Due Date"). Delivery of the Offer Shares

to investors' VPS accounts is expected to take place on or

about 28 December 2016. Trading in the Offer Shares on the

Oslo Stock Exchange is expected to commence on or about 28

December 2016 under the trading symbol "AXA".

Carnegie and DNB Markets acted as joint bookrunners in the

Private Placement.

For further information, please contact:

Endre Rangnes

Chief Executive Officer

Mail: endre.rangnes@axactor.com

Tel: + 46 8 402 28 00

Cell Phone: +47 48 22 11 11

Geir Johansen

Chief Financial Officer

Mail: geir.johansen@axactor.com

Cell Phone: +47 477 10 451

Important information:

The release is not for publication or distribution, in whole

or in part directly or indirectly, in or into Australia, Canada, Japan

or the United States (including its territories and possessions, any state

of the United States and the District of Columbia).

This release is an announcement issued pursuant to legal

information obligations, and is subject of the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading Act. It is

issued for information purposes only, and does not constitute or form

part of any offer or solicitation to purchase or subscribe for securities,

in the United States or in any other jurisdiction.

The securities mentioned herein have not been, and will not be, registered

under the United States Securities Act of 1933, as amended (the

"Securities Act"). The securities may not be offered or sold in the United

States except pursuant to an exemption from the registration requirements

of the Securities Act. The Company does not intend to register any portion

of the offering of the securities in the United States or to conduct a

public offering of the securities in the United States. Copies of this

announcement are not being made and may not be distributed or sent into

Australia, Canada, Japan or the United States. The issue, exercise,

purchase or sale of subscription rights and the subscription or purchase

of shares in the Company are subject to specific legal or regulatory

restrictions in certain jurisdictions.

Neither the Company nor the Managers assumes any responsibility in the

event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions

be restricted by law. Persons into whose possession this release comes

should inform themselves about and observe any such restrictions. Any

failure to comply with these restrictions may constitute a violation of

the securities laws of any such jurisdiction. The Managers are acting for

the Company and no one else in connection with the Private Placement and

will not be responsible to anyone other than the Company for providing the

protections afforded to their respective clients or for providing advice

in relation to the Private Placement and/or any other matter referred to

in this release.

Forward-looking statements:

This release and any materials distributed in connection with

this release may contain certain forward-looking statements. By their

nature, forward-looking statements involve risk and uncertainty because

they reflect the Company's current expectations and assumptions as to

future events and circumstances that may not prove accurate. A number of

material factors could cause actual results and developments to differ

materially from those expressed or implied by these forward-looking