Axactor SE

Axactor acquires the 6th unsecured Non Performing Loan (NPL) portfolio in Spain.

Oslo, 15 December 2016 - Axactor has acquired another unsecured NPL

portfolio originally generated by Unicaja Banco and España Duero, two

large Spanish Banks. The portfolio includes unsecured loans with a total

Outstanding Balance (OB) of approximately EUR 450 million, with close to

one hundred thousand open accounts of individuals and SMEs.

The portfolio transaction is another primary market purchase as well as

representing the company's largest portfolio investment to date, securing

a significant increase to the existing cash collection generated on

Axactor's owned portfolios.

"This is our 6th portfolio in Spain and with the existing paying book

providing strong revenue growth as we move forward into 2017. This

Portfolio also confirms Axactor's commitment to making Spain a key market

within the Group.", says Endre Rangnes, Axactor CEO.

"The portfolio demonstrates Axactor's ability to close key portfolio

purchases, we expect many more to follow across the group in 2017.", says

Robin Knowles, Axactor EVP Portfolio.

The investments will be financed by Axactor's available cash and our

existing credit facilities.

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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