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 25 February 2020 acquired 102,539 shares in Axactor SE("Axactor") at a purchase price of NOK 14.378 per share. Following theacquisition, Geveran will own 58,237,772 shares in Axactor which will constitute31.41% 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