Axactor SE

Regulatory Filings • Jun 12, 2017

Axactor acquires a new large primary portfolio in Spain

Axactor acquires a new large primary portfolio in Spain

Oslo, 12 June 2017 - Axactor has closed another large primary

transaction in Spain, this transaction is from Santander. The

portfolio has an outstanding balance in excess of EUR 300 million

across more than 60.000 cases. The portfolio represents close to 40%

ERC growth in Spain and 16% for the Axactor Group, which means that

over the last 6 months the portfolio business has now deployed Capex

of EUR 110 million outside Italy - close to what has been expected

for the whole of 2017.

"This transaction closes a very interesting initial 18 months period

for the Axactor Group. During the last 5-6 months, we have managed

to deploy EUR 110 million in portfolio acquisitions of our expected

annual capex of EUR 120-140 million for 2017. Based on current

market trends, our short-term focus will be on a number of Forward

Flow transactions (acquiring debt at monthly basis in 12-18 months

contracts), which will be put into production later this year or

early in 2018.

Furthermore, with the number of NPL and carve-out opportunities

expected during the second half 2017 and first half 2018, the

Axactor team will focus on the bank refinancing, and the on-boarding

of a Co-Investment partner to support the strong growth potential

going forward" says Endre Rangnes, CEO Axactor.

"The addition of this portfolio is significant for Axactor as it

moves the company into not only the large primary transaction

market, but also focusing on fresher claims, which will form the

basis for much of the volumes sold across Europe over the coming

years. These cases allow the company to manage the claims from an

early stage and implement long term strategies for building and

maintaining a solid cashflow. This purchase is not only a fantastic

purchase for Spain but for the Group where it will sit alongside the

large Swedish acquisition, waiting for many more to join." Says

Robin Knowles, EVP Portfolio

Acquisition, Axactor

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

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.