Axactor SE

Share Issue/Capital Change • May 26, 2016

AXA - Completed private placement

AXA - Completed private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY

OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE

UNITED STATES

Oslo May 26. 2016 - Reference is made to the stock exchange release from

Axactor AB ("AXA" or the "Company") published yesterday regarding the

contemplated private placement of between 171 and 220 million new shares in

the Company.

The Company announces today that it has raised approximately NOK 375 million

in gross proceeds through a private placement consisting of 220,400,000 new

shares (the "New Shares") at a price of NOK 1.70 per share (the "Private

Placement"). The Private Placement took place through an accelerated

bookbuilding process after close of markets yesterday. The Private

Placement, which was well oversubscribed, attracted strong interest from

both existing shareholders as well as new high quality institutional

investors.

The net proceeds from the Private Placement will be used for acquisitions of

non-performing loan portfolios and collection platforms, as well as for

general corporate purposes.

Notification of allotment and payment instructions will be sent to the

applicants by the

Managers on or about 26 May 2016. In order to provide for prompt

registration of the share capital increase, the Company and the Managers

expect to enter into an agreement related to pre-funding of the payment for

the New Shares allocated in the Private Placement, such agreement regulating

inter alia certain rights and obligations of the Company and the Managers

related to the pre-funding. Payment for the allocated new shares is expected

to take place on or about 3 June 2016 with delivery on or about 6 June 2016,

subject to approval of a listing prospectus (the "Prospectus") by the

Swedish Financial Supervisory Authority which is expected on or about 2 June

The new shares to be issued in connection with the Private Placement will be

issued based on the board authorisation granted by the Company's

extraordinary general meeting on 23 December 2015. The waiver of the

preferential rights inherent in a private placement is considered necessary

in the interest of time and successful completion. The previously announced

resolution to issue 49,033,589 shares to the previous shareholders of IKAS

has been reversed pursuant to agreement with said shareholders, and these

shares are now expected to be issued and delivered following approval of the

Prospectus.

The share issuance was carried out as a private placement in order to

complete a transaction and without the significant discount typically seen

in rights issues, and also for the Company to be able to complete a

transaction in today's market conditions. As a consequence of the private

placement structure, the shareholders' preferential rights will be deviated

from.

The price of NOK 1.70 per share in the Private Placement equals a discount

to the close price of less than 4 per cent. Consequently, the Board of

Directors has decided that it will not propose a subsequent offering.

Carnegie and DNB Markets (the "Managers") acted as joint bookrunners in the

Private Placement.

For further information, please contact:

Endre Rangnes

Chief Executive Officer

Mail: endre.rangnes@axactor.com

Tel: +46 8 402 28 00

Cell Phone: +47 48 22 11 11

Geir Johansen

Chief Financial Officer

Mail: geir.johansen@axactor.com

Cell Phone: +47 477 10 451

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.