DISCLOSURE OF TRADE
Geveran Trading Co. Limited ("Geveran"), a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, has on 31st October 2018 acquired 260,000 shares in Axactor SE ("Axactor") at a purchase price of NOK 21.99 per share. Following the acquisition, Geveran will own 26,311,734 shares in Axactor which will constitute 17.04% of the shares and votes in Axactor. Geveran also holds 13,000,000 warrants exchangeable into 13,000,000 ordinary shares in Axactor (the "Warrants"). The Warrants entitles Geveran to subscribe Axactor shares at NOK