(Oslo, 28 April 2025) Axactor ASA today announces the re-purchase of additional
EUR 51.7 million of outstanding bonds at sub-par prices.

EUR 50.0 million of the acquired bonds relates to the EUR 300 million bond with
ticker ACR03, maturing in September 2026. After the re-purchases, the
outstanding face value adjusted for treasury bonds is EUR 180.2 million.

The remaining EUR 1.7 million re-purchased in 2025 relates to the NOK 2,300
million bond with ticker ACR04, maturing in September 2027. After the
re-purchases, the outstanding face value adjusted for treasury bonds is EUR
199.8 million.

The purchases were made at an average price of 97% of par and will result in a
gross gain of EUR 1.4 million, of which the majority will be recognized in the
first quarter results for 2025.

"As communicated, we aim to refinance our 2026 loan maturities during this year.
We recently announced the extension of our RCF agreement, and with EUR ~100
million in bond re-purchases over the last two quarters we are well under way
with the ACR03 bond as well," says Johnny Tsolis, CEO of Axactor. He continues
"The bond re-purchases will, together with falling IBOR curves, ensure that our
effective funding cost improves significantly."


For additional information, please contact:

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

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


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