ACQUISITION OF ALTOR GROUP SUCCESSFULLY COMPLETED

Oslo, 30 September 2016 - Reference is made to the announcement by Axactor AB (publ) ("Axactor") on 30 September 2016 concerning the acquisition of the Altor Group, a leading independent debt purchase/debt collection company in the German market.

The Company is pleased to announce that on 30 September 2016, the acquisition was successfully completed. As part of the completion procedure Axactor has paid EUR 17,7m to the sellers for 100% of the shares in Altor Group.

Axactor would like to invite the investors to a luncheon presentation at Hotel Continental in Oslo on Tuesday October 4th at 11.30 to give more detail about the transaction as well as a general update about Axactor and the market.

The presentation will also be made available on the Company's web site and through Oslo Børs' Newsweb prior to the event.

Please register your participation for the event by email to Kjersti.Langness@axactor.com .

For further information, please contact:

Geir Johansen

Chief Financial Officer

Mail: geir.johansen@axactor.com

Cell Phone: +47 477 10 451