Mandatory notification 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 12th October 2018 acquired 200,000 shares in Axactor SE ("Axactor") at a purchase price of NOK 22.87 per share. Following the acquisition, Geveran will own 25,058,613 shares in Axactor which will constitute 16.22% 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