Axactor SE

Earnings Release • Feb 16, 2016

PRESS RELASE DATED 2016-02-16

PRESS RELASE DATED 2016-02-16

Highlights during the fourth quarter of 2015

In October 2015, Axactor AB (the "Company") decided to become a European credit

management company and to discontinue the nickel operations. The nickel

operations were sold to the Swedish listed mineral company Archelon in December

2015, whilst at the same time the Company changed its name from Nickel Mountain

Group to Axactor.

Axactor focuses on building a dynamic and pan-European organization within the

credit management service industry and the ambition is to create a high-growth

debt collection/debt purchase company, levering on the experienced management

team, a solid investor base and the platform investment in Spanish legal

collection company ALD Abogados.

In November 2015, Axactor announced that Mr. Endre Ragnes was appointed CEO. In

addition, the Company has recruited experienced Group and Spanish management

teams with solid track record from the debt purchase and collection industry.

During the fourth quarter of 2015 Axactor has taken significant steps towards

becoming a full service debt collection/debt purchase company, including

acquisition of a leading legal collection platform in Spain (ALD Abogados) and

establishment a scalable amicable call center in Valladolid, Spain.

Key events after end of the report period

On January 20 2016, Axactor announced that their subsidiary, ALD Abogados, has

signed a contract with Santander Consumer Finance in Spain for the legal

collection area. Volumes will be transferred to Axactor, with a further ramp up

of number of claims during 2016, adding substantial new business.

On February 12 2016, Axactor announced closing of its first substantial Non

-Performing Loan portfolio in Spain with a face value of EUR 500 million.

Financials

Sales revenues for the quarter were SEK 4.4 million (SEK 0 million). The Spanish

subsidiary ALD Abogados was consolidated in early December 2015, hence its

revenues contributed to the group P&L only during a limited period. The nickel

operations were at pre-feasibility stage and generated no revenues - neither in

2015 nor in 2014.

The net result after tax for the 4th quarter amounted to SEK -54.3 million (SEK

-4.0 million) from remaining operations and SEK -22.4 million (SEK -30.2

million) from discontinued operations, in total SEK -76.7 million (SEK -34.2

million).

For and on behalf of the Board of Directors of Axactor AB (publ)

Endre Rangnes

Chief Executive Officer

For 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.