Axactor SE

Axactor closes two NPL transactions in Italy

Oslo, 2 May 2017 - Axactor has acquired another two unsecured NPL

portfolios in Italy, the portfolios are Auto finance shortfalls,

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

approximately EUR22 million, across 2,500 cases.

Both portfolio transactions are from Financial Institutions which

Axactor has acquired from previously and Axactor is delighted to

have been able to build on the existing relationships acquired

through the purchase of C.S Union Spa in 2016.

"These acquisitions demonstrate our ability to work closely with

existing clients to grow the Axactor business in Italy,

complementing our activities focused on adding new clients as we

move through 2016 ", says Davide Graneris, Country manager, Axactor

Italy.

"These portfolios, continue to improve and grow the assets under

management in our Italian business and we expect these to be the

first of several transactions in 2016", says Robin Knowles,

Portfolio Acquisition EVP, Axactor Group.

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

facilities provided by the company's Italian banking partners.

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

About Axactor

Axactor Group specializes in both Debt Collection and Debt

Purchasing across several countries, with operations in Spain,

Italy, Germany, Norway and Sweden. 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. After the latest

acquisition of Profact AB in Sweden, Axactor has approximately 875

employees.

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