23 May 2017, 07:17 CEST

Axactor Group

Stock notice

Axactor AB - Completed Private Placement




Oslo, 23 May 2017 - The Board of Directors of Axactor AB (Axactor or

the Company) has decided to issue 50 million new shares through a

private placement (the Private Placement), raising total gross

proceeds to the Company of approximately NOK 107.50 million. The

shares are issued at a price of NOK 2.15 per share, which is equal

to the closing price on May 22, 2017.

The Private Placement was based on strong interest from high quality

institutional investors. These investors both support the Company

today through the share-issue, but also potentially longer-term as

the Company pursues strategic growth initiatives. Axactor has

experienced a high deal flow in the market lately and also noticed a

recent increase in size of portfolio opportunities, highlighting the

need to be well-funded and supported by strong shareholders.

The net proceeds from the Private Placement will be used for

acquisitions of non-performing loan portfolios in existing

geographies, as well as for general corporate purposes.

Notification of allotment will be sent to the applicants by Carnegie

(as the Manager) on or about 23 May, 2017.

The new shares will be issued under the Company's existing authority

to issue shares, adopted by the annual general meeting in 2016.

Following the registration of the new share capital, the Company

will have 1,276,488,769 shares outstanding and a total share capital

outstanding of EUR 66,814,382.05.

The share issuance was carried out as a private placement to secure

completion of a transaction at a time when specific interest

surfaced in the market and in order to complete a transaction

without the significant discount typically seen in rights issues.

Additionally, Axactor recognizes the benefit in further developing

the Company's shareholder base.

As a consequence of the private placement structure, the

shareholders' preferential rights were deviated from. After due

considerations, the Board of Directors of the Company is of the

opinion that the Private Placement is in the best interest of the

Company and its shareholders. The Board of Directors has taken into

consideration, among other things, the fact that the Private

Placement will further strengthen Axactor's financial position and

support the Company in its continued pursuit of growth

opportunities, that the Private Placement only constitutes 4.08% of

the issued and outstanding shares in the Company, and the fact that

the subscription price is equal to the current market price of the

shares. The Board of Directors is of the opinion that there are

sufficient reasons to deviate from the shareholders' pre-emption

right to subscribe for the new shares.

Carnegie acted as financial adviser to the Company in connection

with the Private Placement.

For further information, contact:

Endre Rangnes

Chief Executive Officer

Mail: endre.rangnes@axactor.com

Tel: + 46 8 402 28 00

Cell Phone: +47 48 22 11 11

Geir Johansen

Chief Financial Officer

Mail: geir.johansen@axactor.com

Cell Phone: +47 477 10 451

Important information:

The release is not for publication or distribution, in whole or in

part directly or indirectly, in or into Australia, Canada, Japan or

the United States (including its territories and possessions, any

state of the United States and the District of Columbia).

This release is an announcement issued pursuant to legal information

obligations, and is subject of the disclosure requirements pursuant

to section 5-12 of the Norwegian Securities Trading Act. It is

issued for information purposes only, and does not constitute or

form part of any offer or solicitation to purchase or subscribe for

securities, in the United States or in any other jurisdiction. The

securities mentioned herein have not been, and will not be,

registered under the United States Securities Act of 1933, as

amended (the "Securities Act"). The securities may not be offered or

sold in the United States except pursuant to an exemption from the

registration requirements of the Securities Act. The Company does

not intend to register any portion of the offering of the securities

in the United States or to conduct a public offering of the

securities in the United States. Copies of this announcement are not

being made and may not be distributed or sent into Australia,

Canada, Japan or the United States. The issue, exercise, purchase or

sale of subscription rights and the subscription or purchase of

shares in the Company are subject to specific legal or regulatory

restrictions in certain jurisdictions. Neither the Company nor the

Manager assumes any responsibility in the event there is a violation

by any person of such restrictions.

The distribution of this release may in certain jurisdictions be

restricted by law. Persons into whose possession this release comes

should inform themselves about and observe any such restrictions.

Any failure to comply with these restrictions may constitute a

violation of the securities laws of any such jurisdiction. The

Manager is acting for the Company and no one else in connection with

the Private Placement and will not be responsible to anyone other

than the Company for providing the protections afforded to their

respective clients or for providing advice in relation to the

Private Placement and/or any other matter referred to in this


Forward-looking statements:

This release and any materials distributed in connection with this

release may contain certain forward-looking statements. The

information opinions and forward-looking statements contained in

this announcement speak only as at its date, and are subject to

change without notice.