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 15th August 2019 acquired 210,000 shares in Axactor SE("Axactor") at a purchase price of NOK 16.4986 per share. Following theacquisition, Geveran will own 42,985,233 shares in Axactor which will constitute27.66% of the shares and votes in Axactor. Geveran also holds 13,000,000warrants exchangeable into 13,000,000 ordinary shares in Axactor (the"Warrants"). The Warrants entitles Geveran to subscribe Axactor shares at