Axactor SE - Acceptances received under mandatory offer

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Reference is made to the mandatory offer dated 29 January 2021 (the "Mandatory Offer") to acquire all shares in Axactor SE (the "Company") at an offer price of NOK 8.00 per share, made by Geveran Trading Co. Limited, a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family ("Geveran"). 

On 24 February 2021, Geveran received acceptances under the Mandatory Offer for 312 shares, corresponding to approximately 0.00011% of the total registered share capital and voting rights in the Company. Following this, Geveran has received valid acceptances for in total 206,963 shares under the Mandatory Offer, corresponding to approximately 0.07515% of the total registered share capital and voting rights in the Company. Subject to final results and due settlement of the shares for which acceptances are received, Geveran will own 122,224,735 shares, representing 44.38% of the total registered share capital and voting rights in the Company. The foregoing percentages have been based on 275,395,464 issued shares in the Company (i.e. not including the 26,750,000 new shares resolved to be issued (but not registered) by the Company on 23 February 2021).  

Geveran is represented on the Board of Directors of the Company and, thus, is considered a primary insider of the Company. 

This notification has been submitted pursuant to section 4-2 of the Securities Trading Act.