Axactor SE

Request for extraordinary shareholders' meeting of Axactor - board election

Oslo, 21 December 2016 - As announced on December 21, 2016

Axactor AB has received a request from more than 10% of the

shareholders that the Board of Directors convenes an

extraordinary shareholders' meeting for the election of new

board of directors.

As the company over the last 12 months has been through a

significant growth process, it is natural to consider the

composition of the board so as to enable the company to

embark on its next phase of growth and expansion in the

European markets where Axactor operates.

The management of Axactor acquired shares in the latest share

issue and signals confidence in the future growth potential

for Axactor, and sees significant NPL volumes for sale in

2017 in the markets where the company operates.

For further information, please contact:

Endre Rangnes

Chief Executive Officer

Tel: +46 8 402 28 00

Cell Phone: +47 48 22 11 11

Geir Johansen

Chief Financial Officer

Cell Phone: +47 477 10 451

About AXACTOR-

Axactor is addressing a large non-performing loan (NPL)

market in Europe. The market is estimated to around EUR 1.5

trillion and with a solid growth rate. The main growth

factors are partly driven by regulatory changes, sales

of non-performing loans and an accelerating trend of

outsourcing debt collection to specialized companies.

Furthermore, we see a consolidation trend in the debt

collection/debt purchase industry. Axactor's main focus in

the credit management value chain will be: amicable and legal

collection, surveillance and acquisition of NPLs.

Axactor was established in 2015 and has approximately 900

employees.

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