AXACTOR - SHAREHOLDING DISCLOSURE
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 23 November 2017 acquired 22,902,500 shares in Axactor AB (publ) ("Axactor") at a purchase price of NOK 2.65 per share. Following the acquisition, Geveran will own 173,902,500 shares in Axactor which will constitute 11.47% percent of the shares and votes in Axactor. Geveran also holds 130,000,000 warrants exchangeable into 130,000,000 ordinary shares in Axactor (the "Warrants"). The Warrants entitles Geveran to subscribe