Axactor ASA: Mandatory Notification of Trade by Primary Insiders

Oslo, 30 August 2023

Terje Mjøs Holding AS, a company controlled by Terje Mjøs (Chair of Board of Axactor ASA), has on 30 August 2023 acquired 23,805 shares in the Company at an average price of 5.37 per share. After this transaction Terje Mjøs controls 650,000 shares in the Company.

Please refer to the attached notification of the transaction for further details.

This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities
Trading Act section 5-12.