Axactor SE

AGM Information • May 26, 2016

Summary of the Annual General Meeting in Axactor AB (publ) conducted today

Summary of the Annual General Meeting in Axactor AB (publ) conducted today

· Annual accounts adopted and no dividends distributed

· Board of Directors re-elected

· New Nomination Committee appointed

· New authorization granted to issue shares

· Articles of Association changed by abolishing the A-shares provision and by

introducing the Euro as accounting currency as from 2017

The Annual General Meeting in Axactor AB (publ) ("Axactor" or the "Company") was

held in Stockholm today (the "AGM"). The agenda contained the customary items

plus a request to approve an authorization for the Board of Directors to decide

on new share issues. Also the agenda encompassed a change of the Articles of

Association by abolishing the previously existing A-shares and by proposing to

apply a new accounting currency in Axactor as from 2017.

The AGM first adopted the income statements and balance sheets of the parent

company and of the group. The Board's proposal not to distribute any dividends

was approved. The Board of Directors and management were discharged from

liability.

The current Board of Directors composed of three ordinary members proposed for

re-election was re-appointed. The Board directors elected are Einar J. Greve

(Chairman) and Gunnar Hvammen as well as Per Dalemo (ordinary board members).

It was resolved that the remuneration to the board directors would remain

unchanged as compared to the EGM decision in December 2015, namely the Chairman

would be paid 900,000 SEK on an annual basis and each of the other two Board

directors would receive 450,000 SEK.

PricewaterhouseCoopers AB with responsible main auditor Johan Palmgren were re

-elected as auditors by the Annual General Meeting.  The shareholders approved

to remunerate the auditors on current account for reasonable and approved

invoices.

The Annual General Meeting further approved of appointing a new Nomination

Committee. The Nomination Committee will consist of the following two members:

Gunnar Hvammen as Chairman of the Committee and Magnus Tvenge.  The term of the

Committee will be until a new Nomination Committee gets appointed.

Next, a new mandate for the Board of Directors to issue shares or other

financial instruments was approved. The new mandate is valid to the time of the

AGM in 2017 and encompasses the possibility to issue up to 400 million new

shares with or without observing the existing shareholders' preferential rights.

This mandate entails a maximum dilution of some 34% calculated in relation to

the new number of outstanding shares post the ongoing issue in kind to the

sellers of IKAS company and post full exercise of outstanding Employee Stock

Options, but before today's completed private placement of 220,400,000 shares.

This new mandate replaces the old mandate approved at the December 2015

Extraordinary General Meeting of shareholders.

Further, the present shareholders approved of the proposal to amend the articles

of association so that the Company abolishes the A-shares provision. The A

-shares were introduced temporarily in autumn 2015 in order to enable reasonably

timely settlement of the significant private placement then conducted. Also the

Annual General Meeting approved to let the Euro replace the SEK as the

accounting currency of Company as from the following financial year 2017.

All approvals were granted with sufficient majority of votes. At the AGM

39,324,314 shares were present directly or through proxies, corresponding to

6.0% of the Company's 656,214,360 outstanding ordinary shares at the record

date, which was May 20, 2016.

For further information:

Geir Johansen, CFO & Investor Relations, +47 47710451

About Axactor: Axactor is a newly established company in the market for credit

management services. The company has a Nordic base and an ambitious pan-European

growth strategy, which targets the market for non-performing loans in Europe.

This market is estimated to about 1 500 billion euros, and Axactor's main focus

is debt collection and purchase of NPL portfolios. As a first step in the pan

-European growth strategy Axactor acquired the company ALD Abogados in December

2015. ALD Abogados is a leading debt collection company in Madrid with 120

employees, and has in addition a call center with 80 employees in Valladolid,

Spain.

Cautionary Statement: Statements and assumptions made in this document with

respect to Axactor AB's ("Axactor") current plans, estimates, strategies and

beliefs, and other statements that are not historical facts, are forward-looking

statements about the future performance of Axactor. Forward-looking statements

include, but are not limited to, those using words such as "may", "might",

"seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans",

strategy", "forecast" and similar expressions. These statements reflect

management's expectations and assumptions in light of currently available

information. They are subject to a number of risks and uncertainties, including,

but not limited to, (i) changes in the economic, regulatory and political

environments in the countries where Axactor operates; (ii) changes relating to

the statistic information available in respect of the various debt collection

projects undertaken; (iii) Axactor's continued ability to secure enough

financing to carry on its operations as a going concern; (iv) the success of its

potential partners, ventures and alliances, if any; (v) currency exchange rate

fluctuations between the SEK and the currencies in other countries where Axactor

or its subsidiaries operate. In the light of the risks and uncertainties

involved in the debt collection business, the actual results could differ

materially from those presented and forecast in this document. Axactor assumes

no unconditional obligation to immediately update any such statements and/or

forecasts.