Axactor SE

Axactor secures additional funding for NPL acquisitions

Oslo, 5 July, 2017 - Axactor has today signed an agreement with DNB

and Nordea (the Banks) whereby the banks will make a 5th tranche

available under the existing loan agreement. The 5th tranche will

make another EUR 40 million available to the company, and increases

the total loan facility with the Banks from EUR 120 million to EUR

160 million.

This 5th tranche will be earmarked for the financing of new NPL

portfolios and the Banks have agreed to allow for 100% gearing on

the NPLs acquired using this tranche. Furthermore, the Banks have

agreed to allow for 100% gearing on NPLs acquired using the

remaining portion of the 4th tranche, approximately EUR 22 million,

with the condition that approximately 50% of this amount will be

repaid as soon as the 5th tranche is made available by the Banks.

The above agreements will in total make another EUR 52 million

available for investments in NPL portfolios, up to such time that

the refinancing is in place This amount comes in addition to the EUR

24 million already available for NPL investments in Italy. A cap on

total LTV for the group remains in place.

As previously communicated the company has already started the

refinancing process of its entire loan facility with the Banks and

the parties plan to have this process completed within Q3 2017.

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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