(Oslo, 13 December 2024) Axactor ASA (Axactor, OSE: ACR) today announces the
repurchase of additional EUR 50.9 million of the bonds maturing in September
2026.

The EUR 300 million bond with ticker ACR03 matures in September 2026 and holds
an outstanding face value adjusted for treasury bonds of EUR 230.2 million per
13 December 2024. The recent repurchases were made at an average of 94.2 percent
of par, and Axactor will thus recognize a gain of EUR 2.9 million in the fourth
quarter results. After the recent repurchases, Axactor holds EUR 69.8 million of
ACR03 bonds.

"The recent portfolio sale in Spain at accretive terms, in addition to our
repurchase of the 2026 bond, demonstrates Axactor's commitment to leverage value
creating transactions, such as potential further accretive bond repurchases and
portfolio divestures in 2025. We continue to expect reduced interest cost going
forward and to capitalize on reduced market interest rates," says CEO Johnny
Tsolis.


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

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com


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