Axactor SE

Axactor has signed three major third party collection contracts with Financial Institutions in Spain

Axactor has signed 3 new servicing contracts with 2 large Financial

Institutions and a Large Fund specializing in Receivables management

and Debt Purchase. The one year renewable contracts have a total

revenue value of circa five million euros over the next 12 months.

" The Agreements represent a clear indication that Axactor is able to

provide an effective and comprehensive legal and collection service

to Financial Institutions, covering Retail, Banking and SME products

in Spain. The Axactor team is very focused on ensuring they tailor

solutions to meet each clients specific needs and hope these

contracts will be the first of many during the current financial

year." Says Andrés López and David Martín, Country Managers of

Axactor Spain.

For additional information, please contact:

Endre Rangnes, CEO Axactor

Mobile phone: +47 4822 1111

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +47 4771 0451

About Axactor

Axactor Group specializes in both Debt Collection and Debt Purchasing

across several countries, with operations in Spain, Italy, Germany,

Norway and Sweden. 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 be

about 1,500 billion euros across Europe providing significant

opportunities for Axactor's future expansion. After the latest

acquisition of Profact AB in Sweden, Axactor has approximately 875

employees.

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