Axactor SE

Axactor acquires unsecured Non Performing Loan (NPL) portfolio in Germany

Oslo, 19 June 2017 - Axactor has acquired its first unsecured NPL

portfolio originated by a large German Bank. The portfolio

includes unsecured claims with a total Outstanding Balance (OB) of

approximately EUR 32 million, with close to three thousand open

accounts of individuals. Although a first in Germany, this

acquisition means Axactor has now acquired portfolios in all

Axactor countries during 2017, ensuring that the business

continues to grow across the whole group.

"This is our 1st portfolio acquisition since the acquisition of

ALTOR GmbH and complements the existing seasoned book that we

acquired at the same time. The portfolio demonstrates our first

step in building a solid pipeline of portfolios in what is a very

attractive as well as competitive market for NPL sales", says

Endre Rangnes, Axactor CEO.

"We are delighted to purchase our first portfolio as Axactor

Germany and will be working hard to find many more and larger

opportunities over the next 6 to 12 months in Germany", says Doris

Pleil, Country Manager Germany.

The investments will be 100% financed by Axactor's existing cash

and credit facilities.

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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