AXA - Increase in share capital related to the subsequent offering

Oslo, 23 December 2016 - Reference is made to the stock 
exchange release from Axactor AB (publ) (the "Company") 
published 13 December 2016 regarding allocation and issuance 
of 50,000,000 new shares (the "Offer Shares") in the 
subsequent offering at NOK 2.60 per Offer Share raising gross 
proceeds of NOK 130,000,000 (the "Subsequent Offering").  

The Company has received confirmation that the share capital 
increase of SEK 25,000,000 divided into 50,000,000 new shares 
has been registered by the Swedish Companies Registry. The new 
registered share capital of the Company is consequently SEK 
613,244,384.50 divided into 1,226,488,769 shares, each with a 
par value of SEK 0.50.

Delivery of the Offer Shares to investors' accounts in the 
Norwegian Central Securities Depository (VPS) is expected to 
take place on or about 28 December 2016. Trading in the Offer 
Shares on the Oslo Stock Exchange is expected to commence on 
or about 28 December 2016 under the trading symbol "AXA".

For further information, please contact:

Endre Rangnes 
Chief Executive Officer
Mail: endre.rangnes@axactor.com
Cell Phone: +47 48 22 11 11

Geir Johansen
Chief Financial Officer
Mail: geir.johansen@axactor.com
Cell Phone: +47 477 10 451