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Regulatory press release

Axactor ASA: Mandatory Notification of Trade by Primary Insider

Axactor
Oslo, 22 November 2023

Terje Mjøs Holding AS, a company controlled by Terje Mjøs (Chair of Board of
Axactor ASA), has on 22 November 2023 acquired 50,000 shares in the Company at
an average price of 4.92 per share. After this transaction Terje Mjøs controls
700,000 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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