Subsequent offering – Subscription by primary insiders and reminder of subscription period

Reference is made to the announcement published by Axactor ASA (the "Company") on 26 May 2026 regarding the commencement of the subscription period in subsequent offering of up to 46,606,383 new shares in the Company, at a subscription price of NOK 4.70 per share (the "Subsequent Offering").

The subscription period for the Subsequent Offering will expire on 8 June 2026 at 16:30 hours (CEST).

The following primary insiders of the Company have exercised their subscription rights to subscribe for shares in the Subsequent Offering as follows:

• Nina Mortensen, Chief Financial Officer, has on 1 June 2026 exercised her allocated subscription rights to subscribe for 61,310 shares at the subscription price of NOK 4.70 per share for a total subscription amount of NOK 288,157

• Karl Mamelund, Chief Investment Officer, has on 2 June 2026 exercised his allocated subscription rights to subscribe for 106,089 shares at the subscription price of NOK 4.70 per share for a total subscription amount of NOK 498,618.3

• Vibeke Ly, Chief of Staff, has on 1 June 2026 exercised her allocated subscription rights to subscribe for 92,290 shares at the subscription price of NOK 4.70 per share for a total subscription amount of NOK 433,763

• Brita Eilertsen, member of the board of directors, has on 1 June 2026 subscribed for 21,300 shares at the subscription price of NOK 4.70 per share for a total subscription amount of NOK 100,110. Brita Eilertsen has been allocated 7,621 subscription rights, meaning that a portion of the subscription amount is not guaranteed and subject to the final allocation

Except for Brita Eilertsen, none of the above shareholders have over-subscribed, meaning that they will be allocated the indicated number of shares subject to completion of the Subsequent Offering.

Please see the attached notifications of trade for further information regarding the primary insiders' transactions in the Subsequent Offering.

For further information, please contact:

Johnny Tsolis, CEO, Axactor Tel: +47 913 35 461 E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Deputy CEO and Chief Strategy Officer, Axactor Tel: +47 478 39 405 E-mail: kyrre.svae@axactor.com

To learn more about Axactor, visit www.axactor.com.

This information is subject to the disclosure requirements pursuant to article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.

IMPORTANT INFORMATION This announcement does not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration under the US Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the US Securities Act. There will be no public offering of securities in the United States. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.

The Company has not authorized any offer to the public of securities in any Member State of the European Economic Area nor elsewhere. With respect to any Member State of the European Economic Area (each an "EEA Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any EEA Member State. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (together with any applicable implementing measures in any Member State).

In the United Kingdom, these materials are only being communicated to (a) persons who have professional experience, knowledge and expertise in matters relating to investments and qualifying as "investment professionals" for the purposes of article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons being referred to as "relevant persons") and (b) only in circumstances falling within the circumstances set out in Part 1 of Schedule 1 to The Public Offers and Admissions to Trading Regulations 2024. These materials are directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intend", "may", "should", "will" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.

This announcement is made by and, and is the responsibility of, the Company. The Managers are acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for advice in relation to the contents of this announcement or any of the matters referred to herein.

Neither the Managers nor any of its respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.

This announcement is not a prospectus, and any investment decision related to the Subsequent Offering must be made on the basis of the Prospectus. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Manager nor any of its respective affiliates accepts any liability arising from the use of this announcement.

Each of the Company, the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.