23 July 2018, 14:24 CEST

Axactor Group

Press release

Axactor and Reolux Holding progress on loan facility with Nomura International plc for refinancing of REO portfolios

Oslo, 23rd July 2018

Axactor and Reolux Holding S.à r.l ("Reolux") have received conditional approval from Nomura International plc ("Nomura"), an international financial institution, as arranger of a senior secured loan facility in the amount of circa EUR 93 million to be applied towards the refinancing by Reolux of its investments, held via 5 Spanish property companies, in a portfolio of 6,161 (per end Q2) properties located in Spain (the "Refinancing"). The proceeds of the Refinancing will primarily be used to repay an intercompany loan from Axactor AB.

The transaction has been conditionally approved by the credit committees of both Reolux and Nomura and remains subject to (inter alia) execution of full documentation. It is anticipated that the facility agreement will be signed within two weeks and that the transaction will close within one week thereafter, assuming satisfaction of all conditions to funding.

"We are very pleased to have reached this important step towards the execution of this senior secured loan facility with Nomura, an Asian-based global investment bank. The finalisation of this transaction will significantly strengthen our capacity to make further investments, both in Spain and other Axactor geographies and segments" says Johnny Tsolis, CFO of Axactor.

For additional information, please contact:

Johnny Tsolis, CFO & Investor Relations, Axactor
Mobile phone: +47 9133 5461
Email: johnny.tsolis@axactor.com