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28 July 2017, 12:55 CET

Axactor Group

Press release

Axactor Group wins a tender for debt collection services with a leading private bank in Germany

Oslo, 28 July 2017 - Axactor Mobile Services Germany GmbH, a company

in the Axactor group, has successfully closed a large tender for

field service with one of the top 5 private banks in Germany.

The contract has a duration of two years and includes the processing

of defaulting receivables of loan and lease agreements in the field

service according to the allocation scheme.

This marks a very positive expansion in the current cooperation of

the German companies of the Axactor group with this bank and

confirms the customer's confidence in the competence and the success

of the Axactor group. For the coming two years, Axactor Mobile

Services Germany GmbH expects sales of about EUR 1.3 million.

The company was the most convincing choice due to attractive prices

coupled with modern IT solutions, our salaried field service

employees and high success rates.

For Doris Pleil, country manager and managing director Germany, this

contract conclusion in the banking sector, a core business for

Axactor, is a positive signal. "We are very delighted to be able to

expand the cooperation with our long-term customer to the field

service. In line with our motto: Claims management from one source."

For additional information, please contact:

Endre Rangnes, CEO Axactor

Mobile phone: +47 4822 1111

Email: endre.rangnes@axactor.com

or

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +47 4771 0451

Email: geir.johansen@axactor.com