Axactor SE

Axactor acquires the 5th unsecured Non Performing Loan (NPL) portfolio in Spain.

Oslo August 1, 2016 - Axactor has acquired another unsecured

NPL portfolio originally generated by a large Spanish

consumer finance institution. The portfolio includes

unsecured and secured loans with a total Outstanding Balance

(OB) of approximately EURO 565 million, with close to thirty

thousand open accounts of individuals and SMEs.

The portfolio transaction is another secondary market

purchase, with the final acquisition cost a low single digit

percentage of the outstanding balance. This price reflects a

well managed sale process and a strong existing paying book

which is core to Axactor's strategy of developing portfolio

revenues after acquisition.

"This is our 5th portfolio, and is further evidence of our

ability to acquire strong portfolios whether in the prime or

secondary markets. The portfolio will continue to increase

volumes to our amicable and legal operations in Spain, while

we look for further acquisitions across Europe ", says Endre

Rangnes, Axactor CEO.

"This portfolio represents another strong acquisition

delivering further growth to the group revenue stream", says

Geir Johansen, Axactor CFO

The investments will be financed by Axactor's available cash

and our existing credit facilities.

For additional information, please contact:

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +4747710451

www.axactor.com

About Axactor: Axactor Group is a debt collection and debt

purchase company, with operations in Italy, Norway and

Spain. The company has a Nordic base and an ambitious Pan-

European growth strategy, which targets the market for

non-performing loans (NPL) in Europe. This market is

estimated to about EUR1,500 billion, and Axactor's main

focus is debt collection and purchase of NPL portfolios.

Axactor has approximately 700 employees in Spain, Italy

and Norway.

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