Axactor SE – Registration of share capital increase following the subsequent offering

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Oslo, Norway – 09 March 2021

AXACTOR ANNOUNCES REGISTRATION OF SHARE CAPITAL INCREASE

Reference is made to previous announcements by Axactor SE ("Axactor" or the
"Company", OSE ticker code "ACR") regarding a subsequent offering of up to
26,750,000 new shares in the Company (the "Offer Shares") at a subscription
price of NOK 8.00 per Offer Share (the "Subsequent Offering") and the prospectus
dated 5 February 2021 prepared by Axactor in connection therewith (the
“Prospectus”).

The share capital increase pertaining the subsequent offering with a nominal value of EUR 0.523423187712375 per share, has now been registered in the Norwegian Register of Business Enterprises, and the Company's share capital has been increased with EUR 14,001,570.27130603. Shares allocated in the Subsequent Offering are tradable on Oslo Stock Exchange (subject to timely payment from investors).

Following registration of the share capital increase, the Company has an issued
share capital of EUR 158,149,941.91971477, divided into 302,145,464 shares, each
with a par value of EUR 0.523423187712375.

For further information, please contact:

Kyrre Svae
Interim CFO | Chief of Strategy & IR
kyrre.svae@axactor.com
(+47) 478 39 405