YEAR-END REPORT   January - December 2019

THE HIGHEST LEVEL OF CUSTOMER ACTIVITIES TO DATE AND FOCUS ON COMMERCIALISATION

Financial summary:

The fourth quarter 2019

• Net sales amounted to 882 tsek (502 tsek for the corresponding quarter in 2018)
• Other revenues (excl. activated development costs) were 83 tsek (0)
• Earnings before interest and tax became -7 216 tsek (-6 933)
• Net earnings per share amounted to -0,27 sek (-0,27)

The full year 2019

• Net sales amounted to 2 143 tsek (1 451 in 2018)
• Other revenues (excl. activated development costs) were 193 tsek (105)
• Earnings before interest and tax were -25 995 tsek (-18 238)
• Net earings per share amounted to -0,98 sek (-1,61)
• The Board proposes no dividend for the year 2019
• Liquid funds amounted to 20 194 tsek at the end of 2019

Events during the fourth quarter 2019

• Axolot signs another trial agreement with a groundwood pulp manufacturer in Norway
• Axolot signs trial agreement with:
  • chemical manufacturer in England
  • paper manufacturer Hellefoss Paper in Norway
  • biorefinery SunPine in Piteå, Sweden
• The long-term trial runs that are currently being performed, for purification of heavily contaminated water or for recovery of high-value ingredients in residual water, continue to show good results. Axolot is together with the customers evaluating continued activities based on commercial contracts.
• Axolot has successfully performed tests for removal of cadmium and other heavy metals from precipitator dust
• Information about Annual General meeting 2020 and members of the Nomination committee
• Extraordinary General meeting for the election of a new Board member, and Chairman of the Board

Key events after the end of the period

No key events after the end of the period.

For further information, please contact:
Marie Landfors, President and CEO Axolot Solutions, tel: +46 72 198 76 50, mail: marie.landfors@axolotsolutions.com

Anita Haak, CFO Axolot Solutions, tel: +46 70 817 11 12, mail: anita.haak@axolotsolutions.com

This information is information that Axolot Solutions Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on February 14 2020.

About Axolot Solutions

Axolot Solutions is a Swedish environmental technology company, providing systems for industrial water purification. The company offers a holistic solution based upon a proprietary technology within electro-coagulation and flotation. Axolot's water purification concept is cost efficient and enables recirculation of the water. This leads to a reduced environmental footprint.

More information about the Company and its business activities can be found at www.axolotsolutions.com.

Axolot Solutions Holding AB is based in Helsingborg, Sweden, and its shares (ticker: Axolot) are listed at Nasdaq First North Growth Market, Stockholm, since November 21, 2018. FNCA Sweden AB is the Certified Adviser of Axolot Solutions. FNCA Sweden AB can be reached at info@fnca.se and on tel +46 8 528 003 99.