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2016-02-17

Axactor AB: Private placement successfully completed

PRESS RELEASE DATED 2016-02-17

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE

UNITED STATES
Reference is made to the stock exchange release from Axactor AB
("Axactor" or the "Company") published yesterday regarding the
contemplated private placement of new shares in the Company.

The Company announces today that it has raised NOK 106.1 million in
gross proceeds through a private placement consisting of 59,600,000
new shares (the "New Shares") at a price of NOK 1.78 per share (the
"Private Placement"). The Private Placement took place through an
accelerated bookbuilding process after close of markets yesterday.
The Private Placement, which was substantially oversubscribed,
attracted strong interest from both existing shareholders as well as
new high quality institutional investors.

The net proceeds from the Private Placement will be used for
acquisitions of non-performing loan portfolios and platforms as well
as for general corporate purposes.

The New Shares will be settled through a delivery versus payment
transaction on 19 February 2016, by delivery of existing and
unencumbered shares in the Company that are already listed on the
Oslo Stock Exchange pursuant to a share lending agreement between the
Company, the Managers (as defined below) and certain existing
shareholders. The shares delivered to the subscribers are thus
tradable from allocation. Notification of allotment will be sent to
the applicants today.

The New Shares will be issued based on a Board authorisation granted
by the Company's extraordinary general meeting on 23 December 2015.
Following registration of the new share capital pertaining to the
Private Placement, the Company will have an issued share capital of
SEK 328,107,180, divided into 656,214,360 shares, each with a par
value of SEK 0.50.

Carnegie and DNB Markets (the "Managers") acted as joint bookrunners
in the Private Placement.

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

Important information:

The release is not for publication or distribution, in whole or in
part directly or indirectly, in or into Australia, Canada, Japan or
the United States (including its territories and possessions, any
state of the United States and the District of Columbia).

This release is an announcement issued pursuant to legal information
obligations, and is subject of the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. It is issued
for information purposes only, and does not constitute or form part
of any offer or solicitation to purchase or subscribe for securities,
in the United States or in any other jurisdiction. The securities
mentioned herein have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "Securities
Act"). The securities may not be offered or sold in the United States
except pursuant to an exemption from the registration requirements of
the Securities Act. The Company does not intend to register any
portion of the offering of the securities in the United States or to
conduct a public offering of the securities in the United States.
Copies of this announcement are not being made and may not be
distributed or sent into Australia, Canada, Japan or the United
States. The issue, exercise, purchase or sale of subscription rights
and the subscription or purchase of shares in the Company are subject
to specific legal or regulatory restrictions in certain
jurisdictions. Neither the Company nor the Managers assumes any
responsibility in the event there is a violation by any person of
such restrictions.

The distribution of this release may in certain jurisdictions be
restricted by law. Persons into whose possession this release comes
should inform themselves about and observe any such restrictions. Any
failure to comply with these restrictions may constitute a violation
of the securities laws of any such jurisdiction. The Managers are
acting for the Company and no one else in connection with the Private
Placement and will not be responsible to anyone other than the
Company for providing the protections afforded to their respective
clients or for providing advice in relation to the Private Placement
and/or any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this
release may contain certain forward-looking statements. By their
nature, forward-looking statements involve risk and uncertainty
because they reflect the Company's current expectations and
assumptions as to future events and circumstances that may not prove
accurate. A number of material factors could cause actual results and
developments to differ materially from those expressed or implied by
these forward-looking statements.

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http://news.cision.com/axactor-ab/r/private-placement-successfully-compl...
http://mb.cision.com/Main/852/9915587/477992.pdf

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