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Regulatory press release

Axactor ASA: Mandatory Notification of Trade by Primary Insiders

Axactor
Oslo, 30 August 2023

Terje Mjøs Holding AS, a company controlled by Terje Mjøs (Chair of Board
of Axactor ASA), has on 30 August 2023 acquired 23,805 shares in the Company
at an average price of 5.37 per share. After this transaction Terje Mjøs
controls 650,000 shares in the Company.

Please refer to the attached notification of the transaction for further
details.

This information is subject to the disclosure
requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian
Securities
Trading Act section 5-12.
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