DISCLOSURE OF TRADE
Geveran Trading Co. Limited ("Geveran"), a company indirectly controlled bytrusts established by Mr. John Fredriksen for the benefit of his immediatefamily, has on 17 February 2020 acquired 200,000 shares in Axactor SE("Axactor") at a purchase price of NOK 16.1921 per share. Following theacquisition, Geveran will own 57,885,233 shares in Axactor which will constitute31.22% of the shares and votes in Axactor. The foregoing calculations are basedon 185,395,464 outstanding shares in Axactor. This information is subject to thedisclosure requirements set out in section 4-2 of the