Axactor ASA – Disclosure of significant shareholding

Reference is made to the stock exchange announcement by Axactor ASA (the "Company") on 20 May 2026 regarding the completed extraordinary general meeting of the Company, where the general meeting approved the issuance of 466,063,829 new shares in the private placement that was successfully placed on 28 April 2026 (the "Private Placement").

As a result of the Private Placement, Geveran Trading Company Ltd ("Geveran") has subscribed for 121,762,997 new shares. In addition, Geveran has loaned out 108,596,996 shares in the Company to DNB Carnegie, a part of DNB Bank ASA, to facilitate DVP settlement in the Private Placement towards investors other than Geveran and funds managed by affiliates of Fortress Investment Group. The shares that are borrowed by DNB Carnegie will be redelivered upon registration of the share capital increase pertaining to the Private Placement and delivery of the new shares in the VPS.

Taking into account the share lending, Geveran has temporarily reduced its holding to 41,788,443 shares, which represent respectively 13.83% and 5.44% of the share capital of the Company before and after registration of the share capital increase pertaining to the Private Placement.

After the registration of the share capital increase pertaining to the Private Placement, delivery of the allocated shares and re-delivery of the borrowed shares, Geveran will have a total holding of 272,148,436 shares in the Company, representing 35.43% of the share capital of the Company.

This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.