Axactor SE — M&A Activity 2016

Jun 28, 2016

ACQUISITION OF CS UNION SUCCESSFULLY COMPLETED

ACQUISITION OF CS UNION SUCCESSFULLY COMPLETED

Oslo, 28 June 2016 - Reference is made to the announcement

by Axactor AB (publ) ("Axactor") on 22 June 2016 concerning

the acquisition of 90% of the share capital of the Italian

debt purchase/debt collection company CS Union. On 28 June

2016, the acquisition was successfully completed. On such

basis, Axactor has resolved to issue 20 840 820

consideration shares (the "Consideration Shares") to the

previous shareholders of CS Union, as settlement of 40% of

the purchase price for the shares of CS Union. 75% of the

Consideration Shares are subject to a 24 month lock-up

period, while the remaining 25% are subject to a 12 month

lock-up period.

For further information, please contact:

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

EUR 1,500 billion, and Axactor's main focus is debt

collection and purchase of NPL portfolios. Axactor has

approximately 700 employees.