AXA – Change in number of shares and votes

PRESS RELEASE DATED 2016-05-31

As already informed, Axactor AB (publ) (Oslo Børs: AXA) has during May 2016 conducted a share issue of 220,400,000 new ordinary shares in connection with a private placement. Following the share issue, the total number of issued shares and votes in the company are 876,614,360. All shares are ordinary shares.

This announcement follows statutory information requirements for Swedish public companies at end of the month during which the registered number of issued shares or votes has changed, in accordance with Section 9 Chapter 4 of the Swedish Financial Instruments Trading Act (Sw. Lag (1991:980 om handel med finansiella instrument).

For further information, please contact:

Geir Johansen

Chief Financial Officer

Mail: geir.johansen@axactor.com

Cell Phone: +47 477 10 451