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Regulatory press release

Axactor ASA: Axactor moves from two to one credit rating agency

Axactor
In an effort to save costs and reduce the administrative burden, Axactor today
announces the cancellation of its credit rating agreement with Moody's Investors
Service.

As Axactor's latest bond offerings have been smaller in size and directed more
towards Nordic based investors, the perceived investor demand for a corporate
family rating has been reduced. As the credit rating subscriptions are costly
and time consuming to maintain, Axactor has consequently decided to cancel one
of its two credit rating subscriptions. Axactor will retain its rating
subscription with S&P Global, and as such remain a rated company.

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

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