Axactor SE

Axactor acquires a substantial unsecured Non Performing Loan (NPL) portfolio in Spain

Axactor has acquired an unsecured NPL portfolio originally

generated by a Spanish local savings bank.

The portfolio includes unsecured loans with a total

Outstanding Balance (OB) of approximately EUR 500 million

and more than one hundred thousand open accounts of

Individuals and SMEs. Axactor will pay around 3% of the

Outstanding Balance.

"The transaction is an important milestone and represents an

evidence of our strategy of becoming the leading credit

management services partner to large international banks,

financial institutions and funds. The portfolio will add

significant scale to our amicable collections center in

Valladolid and to our legal collection entity. With this

contract we will further strengthen our presence in Spain",

says Endre Rangnes, Axactor CEO.

The investments will be financed by Axactor's available cash

and our bank credit facilities.

"With the very competitive funding vehicle we have

established, and with our lean cost structure, we are well

positioned to gain new business in Spain and other countries

in Europe", says Geir Johansen, Axactor CFO.

For additional information, please contact:

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +4747710451

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