14 December 2016, 15:01 CET

Axactor Group

Stock notice

Axactor enters 1st agreement to acquire unsecured Non Performing Loan (NPL) portfolio in Norway.

Axactor has entered an agreement to

acquire portfolios on a monthly basis from a large Nordic

Financial Institution. The portfolios will contain

freshly terminated B2C cases, allowing Axactor to manage the

cases throughout the whole collection process.

The portfolio transaction provides Axactor with a solid entry

to the Norwegian market and results from several key

discussions currently ongoing. The transaction will be

important to move the business into the hybrid model which is

core to Axactor's strategy and further build on this with

other portfolios in 2017.

"This portfolio not only increases our geographical profile

in portfolio acquisitions, but it also demonstrates our

ability to enter markets commonly perceived as closed to new

players. Using Axactor's focus on data and analysis, we

expect this to be one of many acquisitions over the coming

years", says Endre Rangnes, Axactor CEO.

"Axactor will now own portfolios in all existing markets,

showing strong commitment by the team to achieve this within

the first year of trading as a receivable management

business", says Robin Knowles, Axactor EVP Portfolio.

The acquisition will be financed by Axactor's available cash

and our existing credit facilities.

For further information, please 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


Axactor is addressing a large non-performing loan (NPL)

market in Europe. The market is estimated to around EUR 1.5

trillion and with a solid growth rate. The main growth

factors are partly driven by regulatory changes, sales

of non-performing loans and an accelerating trend of

outsourcing debt collection to specialized companies.

Furthermore, we see a consolidation trend in the debt

collection/debt purchase industry. Axactor's main focus in

the credit management value chain will be: amicable and legal

collection, surveillance and acquisition of NPLs.

Axactor was established in 2015 and has approximately 900