Axactor SE

Share Issue/Capital Change • Feb 17, 2016

Private placement successfully completed

Private placement successfully completed

PRESS RELEASE DATED 2016-02-17

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

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE

UNITED STATES

Reference is made to the stock exchange release from Axactor AB ("Axactor" or

the "Company") published yesterday regarding the contemplated private placement

of new shares in the Company.

The Company announces today that it has raised NOK 106.1 million in gross

proceeds through a private placement consisting of 59,600,000 new shares (the

"New Shares") at a price of NOK 1.78 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 substantially

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 platforms as well as for general corporate

purposes.

The New Shares will be settled through a delivery versus payment transaction on

19 February 2016, by delivery of existing and unencumbered shares in the Company

that are already listed on the Oslo Stock Exchange pursuant to a share lending

agreement between the Company, the Managers (as defined below) and certain

existing shareholders. The shares delivered to the subscribers are thus tradable

from allocation. Notification of allotment will be sent to the applicants today.

The New Shares will be issued based on a Board authorisation granted by the

Company's extraordinary general meeting on 23 December 2015. Following

registration of the new share capital pertaining to the Private Placement, the

Company will have an issued share capital of SEK 328,107,180, divided into

656,214,360 shares, each with a par value of SEK 0.50.

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

Important information:

The release is not for publication or distribution, in whole or in part directly

or indirectly, in or into Australia, Canada, Japan or the United States

(including its territories and possessions, any state of the United States and

the District of Columbia).

This release is an announcement issued pursuant to legal information

obligations, and is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act. It is issued for information

purposes only, and does not constitute or form part of any offer or solicitation

to purchase or subscribe for securities, in the United States or in any other

jurisdiction. The securities mentioned herein have not been, and will not be,

registered under the United States Securities Act of 1933, as amended (the

"Securities Act"). The securities may not be offered or sold in the United

States except pursuant to an exemption from the registration requirements of the

Securities Act. The Company does not intend to register any portion of the

offering of the securities in the United States or to conduct a public offering

of the securities in the United States. Copies of this announcement are not

being made and may not be distributed or sent into Australia, Canada, Japan or

the United States. The issue, exercise, purchase or sale of subscription rights

and the subscription or purchase of shares in the Company are subject to

specific legal or regulatory restrictions in certain jurisdictions. Neither the

Company nor the Managers assumes any responsibility in the event there is a

violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by

law. Persons into whose possession this release comes should inform themselves

about and observe any such restrictions. Any failure to comply with these

restrictions may constitute a violation of the securities laws of any such

jurisdiction. The Managers are acting for the Company and no one else in

connection with the Private Placement and will not be responsible to anyone

other than the Company for providing the protections afforded to their

respective clients or for providing advice in relation to the Private Placement

and/or any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may

contain certain forward-looking statements. By their nature, forward-looking

statements involve risk and uncertainty because they reflect the Company's

current expectations and assumptions as to future events and circumstances that

may not prove accurate. A number of material factors could cause actual results

and developments to differ materially from those expressed or implied by these

forward-looking statements.