Axactor SE

Capital/Financing Update • Jul 23, 2018

Axactor and Reolux Holding progress on loan facility with Nomura International plc for refinancing of REO portfolios

Oslo, 23rd July 2018

Axactor and Reolux Holding S.à r.l ("Reolux") have received conditional approval from Nomura International plc ("Nomura"), an international financial institution, as arranger of a senior secured loan facility in the amount of circa EUR 93 million to be applied towards the refinancing by Reolux of its investments, held via 5 Spanish property companies, in a portfolio of 6,161 (per end Q2) properties located in Spain (the "Refinancing"). The proceeds of the Refinancing will primarily be used to repay an intercompany loan from Axactor AB.

The transaction has been conditionally approved by the credit committees of both Reolux and Nomura and remains subject to (inter alia) execution of full documentation. It is anticipated that the facility agreement will be signed within two weeks and that the transaction will close within one week thereafter, assuming satisfaction of all conditions to funding.

"We are very pleased to have reached this important step towards the execution of this senior secured loan facility with Nomura, an Asianbased global investment bank. The finalisation of this transaction will significantly strengthen our capacity to make further investments, both in Spain and other Axactor geographies and segments" says Johnny Tsolis, CFO of Axactor.

Johnny Tsolis, CFO & Investor Relations, Axactor Mobile phone: +47 9133 5461 Email: johnny.tsolis@axactor.com www.axactor.com

About Axactor

Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Italy, Germany, Norway, Sweden and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for nonperforming loans (NPL) in Europe. This market is estimated to be about 1,500 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 950 employees.