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2016-05-16

Hoist Finance: Hoist Kredit AB (publ) considers issuance of new notes and announces a voluntary tender offer regarding its outstanding SEK and EUR notes.

Hoist Kredit also announces a consent solicitation for its outstanding
SEK and EUR notes.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED
STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

Hoist Kredit AB (publ) (Ba2/pos) (the "Company"), a fully-owned
subsidiary of Hoist Finance AB (publ), today announces that it will
offer to purchase any and all of its outstanding maximum SEK
1,000,000,000 STIBOR 3M + 3.750% Senior Unsecured Floating Rate Notes
due 2016 (ISIN SE0005567542) (the "SEK Notes") and its EUR
100,000,000 EURIBOR 3M +3.750% Senior Unsecured Floating Rate Notes
due 2017 (ISIN SE0006287827) (the "EUR Notes", and together with the
SEK Notes, the "Notes") (the "Tender Offer").

At the same time, the Company also announces that it is soliciting
consent from holders of the Notes to amend certain terms and
conditions of the Notes (the "Consent Solicitation").

The Tender Offer and the Consent Solicitation are made subject to the
terms and conditions, and certain restrictions, described in the
consent solicitation and tender offer memorandum regarding the Tender
Offer and the Consent Solicitation issued by the Company and dated [
] May 2016 (the "Consent Solicitation and Tender Offer Memorandum").

Subject to market conditions and a successful Tender Offer, the
Company may issue new euro-denominated notes (the "New Notes"). The
Company has mandated Credit Suisse, Danske Bank, and Nordea Markets
to arrange for investor meetings in respect of a potential issue of
New Notes.

Tender Offer regarding the Company's outstanding SEK Notes and EUR
Notes

The Company invites all holders of the Notes to tender their Notes for
purchase by the Company for cash, pursuant to which the Company
offers to pay a cash purchase price for Notes validly tendered equal
to one of the following amounts:

· for the SEK Notes, 102.200% of the nominal principal amount of
each SEK Note plus accrued and unpaid interest; and

· for the EUR Notes, 103.300% of the nominal principal amount of
each EUR Note plus accrued and unpaid interest.

The Tender Offer will remain open until 17 a.m. CET on 24 May 2016,
and the expected settlement date for the repurchase of validly
tendered Notes in the Tender Offer is 7 June 2016. The completion of
the Tender Offer is conditional upon the Consent Condition and the
New Issue Condition as fully described in the Consent Solicitation
and Tender Offer Memorandum.

Tender instructions must be submitted in respect of a minimum
principal amount of Notes of no less than SEK 1,000,000 (in respect
of SEK Notes) or EUR 100,000 (in respect of EUR Notes), and may be
submitted in integral multiples of SEK 1,000,000 or EUR 100,000,
respectively, thereafter. Tender Instructions which relate to a
principal amount of Notes of less than SEK 1,000,000 or EUR 100,000,
respectively, will be rejected.

A holder of Notes that delivers a tender instruction shall also be
deemed to have given its consent to the Proposals described below,
but shall not be entitled to any consent fees in addition to the cash
purchase price for the tendered Notes.

Tendering holders who wish to subscribe for the New Notes can contact
either of the Dealer Manager and Solicitation Agents to obtain a
unique reference number to receive priority allocation in the New
Notes.

Consent solicitation to holders of the Company's outstanding SEK and
EUR bonds

The Company today announces that it is soliciting consents from
holders of its outstanding Notes to amend certain provisions of the
terms and conditions governing the Notes (the "Proposals").

The purpose of the Proposals is to enable the Company to establish new
financing arrangements and to pursue a merger of the Company and the
parent company Hoist Finance AB (publ).

A holder who delivers a valid voting instruction in favour of the
Proposals before 17:00 CET 24 May 2016 (the "Early Bird Consent Fee
Deadline") may be eligible to receive a fee of 10 cents in respect of
the SEK Notes and 15 cents in respect of the EUR Notes, and a holder
who delivers a valid voting instruction in favour of the Proposals
after the Early Bird Consent Fee Deadline, but before 17:00 CET 31
May 2016 may be eligible to receive a fee of 5 cents in respect of
the SEK Notes and 5 cents in respect of the EUR Notes.

The Proposals are passed through voting at noteholder's meetings held
at the offices of Nordea at Mäster Samuelsgatan 17, 111 44 Stockholm,
Sweden, and will take place at 10:30 CET on 2 June 2016 with respect
to the EUR Notes and at 11:30 CET on 2 June 2016 with respect to the
SEK Notes. In order for the Proposals to be passed at the
noteholders' meetings quorums of at least 20 per cent of the adjusted
nominal amount and majorities of at least 50 per cent of the adjusted
nominal amount must be reached. Holders may cast a vote at the
noteholders' meetings by participating in person or via
representation by proxy.

Noteholders that wish to tender their Notes or be eligible to receive
consent fees should not participate in person or via representation
by proxy at the noteholders' meetings, but should use the tender and
voting instruction form or consent voting instruction form (but not
both) annexed to the Consent Solicitation and Tender Offer
Memorandum.

Holders of the EUR Notes and the SEK Notes are advised to read
carefully the Consent Solicitation and Tender Offer Memorandum for
full details of and information on the procedures for participating
in the Tender Offer and the Consent Solicitation. This press release
is for information purposes only and is not an offer to sell or a
solicitation of an offer to buy any security, nor is it a tender
offer with respect to any Notes. The Tender Offer and the Consent
Solicitation is being made solely pursuant to the Consent
Solicitation and Tender Offer Memorandum. If any holder of Notes is
in any doubt as to the contents of this press release, the
information contained in the Consent Solicitation and Tender Offer
Memorandum or the action it should take, such noteholder should seek
its own financial and legal advice, including in respect of any tax
consequences, immediately from its broker, bank manager, solicitor,
accountant or other independent financial, tax or legal adviser.

To receive copies of the Consent Solicitation and Tender Offer
Memorandum or for questions relating to the Tender Offer or the
Consent Solicitation, please contact the Dealer Manager and
Solicitation Agents (contact details are set out below). Any
individual or company whose Notes are held by a nominee must contact
such nominee to participate in the Tender Offer or the Consent
Solicitation.

Dealer Managers and Solicitation Agents:

Credit Suisse Securities (Europe) Limited: +44 20 7883 8763,
liability.management@credit-suisse.com

Danske Bank A/S: +46 (0)8 56 88 06 35, patric.carlsson@danskebank.se

Nordea Bank Danmark A/S: +45 3333 1675, bibi.larsen@nordea.com/
LiabilityManagement@nordea.com

Tender and Paying Agent:

Nordea Bank AB (publ): IssuerSeCustodian@nordea.com

For further information, please contact:

Magnus Linnersand, Group Head of Treasury

Telefon: +46 (0)8 555 177 72

Michel Jonson, Group Head of Investor Relations

Telefon: +46 (0)8 555 177 19

The information above has been published pursuant to the Swedish
Securities Markets Act (Sw. lagen om värdepappersmarknaden) and/or
the Swedish Financial Instruments Trading Act (Sw. lagen om handel
med finansiella instrument). This information was released for
publication at 16.40 (CET) on 16 May 2016.

About Hoist Finance

Hoist Finance is a leading debt restructuring partner to international
banks and financial institutions, offering a broad spectrum of
advanced solutions for acquisition and management of non-performing
unsecured consumer loans. Hoist Finance operates through eleven
in-house collection centers across Europe, complemented by local
external debt servicing partners. The total carrying value of Hoist
Finance's acquired loans was approximately SEK 11.3 billion as per 31
December 2015. The parent company Hoist Finance AB (publ) is listed
on Nasdaq Stockholm Mid-Cap list and its subsidiary Hoist Kredit AB
(publ) is a regulated "Credit Market Company" under the supervision
of the Swedish Financial Supervisory Authority (Sw.
Finansinspektionen). In Sweden, the company offers internet-based
savings deposit services through HoistSpar, with around 85,000
accounts.

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http://news.cision.com/hoist-finance/r/hoist-kredit-ab--publ--considers-...
http://mb.cision.com/Main/8270/2010232/516405.pdf

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