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Axactor AB: Axactor acquires the 6th unsecured Non Performing Loan (NPL) portfolio in Spain.

Oslo, 15 December 2016 - Axactor has acquired another unsecured NPL
portfolio originally generated by Unicaja Banco and España Duero, two
large Spanish Banks. The portfolio includes unsecured loans with a
total Outstanding Balance (OB) of approximately EUR 450 million, with
close to one hundred thousand open accounts of individuals and SMEs.

The portfolio transaction is another primary market purchase as well
as representing the company's largest portfolio investment to date,
securing a significant increase to the existing cash collection
generated on Axactor's owned portfolios.

"This is our 6th portfolio in Spain and with the existing paying book
providing strong revenue growth as we move forward into 2017. This
Portfolio also confirms Axactor's commitment to making Spain a key
market within the Group.", says Endre Rangnes, Axactor CEO.

"The portfolio demonstrates Axactor's ability to close key portfolio
purchases, we expect many more to follow across the group in 2017.",
says Robin Knowles, Axactor EVP Portfolio.

The investments will be financed by Axactor's available cash and our
existing credit facilities.

For further information, please contact:

Endre Rangnes
Chief Executive Officer
Tel: +46 8 402 28 00
Cell Phone: +47 48 22 11 11

Geir Johansen
Chief Financial Officer
Cell Phone: +47 477 10 451

Axactor is addressing a large non-performing loan (NPL) market in
Europe. The market is estimated to around EUR 1.5 trillion and with a
solid growth rate. The main growth factors are partly driven by
regulatory changes, sales of non-performing loans and an accelerating
trend of outsourcing debt collection to specialized companies.
Furthermore, we see a consolidation trend in the debt collection/debt
purchase industry. Axactor's main focus in the credit management
value chain will be: amicable and legal collection, surveillance and
acquisition of NPLs.

Axactor was established in 2015 and has approximately 900 employees.


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