Oslo, 29 August 2023
Terje Mjøs Holding AS, a company controlled by Terje Mjøs (Chair of Board of
Axactor ASA), has on 28 August 2023 acquired 26,195 shares in the Company at an
average price of 5.39 per share. After this transaction Terje Mjøs controls
626,195 shares in the Company.

Please refer to the attached notifications of transactions 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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