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DISCOSURE OF TRADE

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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 26 February 2020 acquired 200,000 shares in Axactor SE
("Axactor") at a purchase price of NOK 13.4513 per share. Following the
acquisition, Geveran will own 58,437,772 shares in Axactor which will constitute
31.52% of the shares and votes in Axactor. The foregoing calculations are based
on 185,395,464 outstanding shares in Axactor. This information is subject to the
disclosure requirements set out in section 4-2 of the Norwegian Securities
Trading Act.

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