Axactor SE

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

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +47 4771 0451

www.axactor.com

About Axactor

Axactor Group specializes in both Debt Collection and Debt

Purchasing across several countries, with operations in Italy,

Germany, Norway, Sweden and Spain. The company has a Nordic base

and an ambitious Pan-European growth strategy, which targets the

market for non-performing loans (NPL) in Europe. This market is

estimated to be about 1,500 billion euros across Europe providing

significant opportunities for Axactor's future expansion. Axactor

has approximately 875 employees.

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