DISCLOSURE OF TRADE

Geveran Trading Co. Limited ("Geveran"), a company indirectly controlled by
trusts established by Mr. John Fredriksen for the benefit of his immediate
family, has on 15th August 2019 acquired 210,000 shares in Axactor SE
("Axactor") at a purchase price of NOK 16.4986 per share. Following the
acquisition, Geveran will own 42,985,233 shares in Axactor which will constitute
27.66% of the shares and votes in Axactor. Geveran also holds 13,000,000
warrants exchangeable into 13,000,000 ordinary shares in Axactor (the
"Warrants"). The Warrants entitles Geveran to subscribe Axactor shares at NOK
32.50 per share until 24 October 2019. Assuming all Warrants are exercised,
Geveran would own 55,985,233 shares in Axactor constituting 36.03% of the shares
and votes in Axactor. The foregoing calculations are based on 155,395,464
outstanding shares in Axactor. This information is subject to the disclosure
requirements set out in section 4-2 of the Norwegian Securities Trading Act.