Oslo, 10 May 2024

Terje Mjøs Holding AS, a company controlled by Terje Mjøs (Chair of Board of
Axactor ASA), has on 8 May 2024 acquired 5,910 shares in the Company at
an average price of 4.19 per share. After this transaction Terje Mjøs controls
705,910 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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