Axactor SE

M&A Activity • Sep 29, 2016

Axactor acquires unsecured Non Performing Loan (NPL) portfolio in Italy

Axactor acquires unsecured Non Performing Loan (NPL) portfolio in Italy

PRESS RELASE DATED 2016-09-29

Axactor has acquired another unsecured NPL portfolio originally generated by a

large Italian Bank. The portfolio includes unsecured claims with a total

Outstanding Balance (OB) of approximately EUR 59 million, with close to twenty

thousand open accounts of individuals and SMEs.

The portfolio transaction is a secondary market purchase, with the final

acquisition cost around 5% of the outstanding balance. This price reflects

a controlled takeover process from the current owner, including an element of

actively paying cases which is core to Axactor's strategy of developing

portfolio revenues after acquisition.

"This is our 1st portfolio acquisition since the acquisition of CS Union Spa and

the 7th acquired by the company in 2016, demonstrating continued evidence of our

ability to acquire portfolios whether in the prime or secondary markets. The

portfolio will continue to increase volumes in our amicable and legal operations

in Italy, while we look for further acquisitions across Europe ", says Endre

Rangnes, Axactor CEO.

"This portfolio represents further diversification and growth across the

Axactor's expanding geographical footprint", says Geir Johansen, Axactor CFO.

The investments will be 100% financed by Axactor's existing credit facilities

provided by the company's Italian banking partners.

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

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.

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.