ACQUISITION OF CS UNION SUCCESSFULLY COMPLETED

Oslo, 28 June 2016 - Reference is made to the announcement 
by Axactor AB (publ) ("Axactor") on 22 June 2016 concerning 
the acquisition of 90% of the share capital of the Italian 
debt purchase/debt collection company CS Union. On 28 June 
2016, the acquisition was successfully completed. On such 
basis, Axactor has resolved to issue 20 840 820 
consideration shares (the "Consideration Shares") to the 
previous shareholders of CS Union, as settlement of 40% of 
the purchase price for the shares of CS Union. 75% of the 
Consideration Shares are subject to a 24 month lock-up 
period, while the remaining 25% are subject to a 12 month 
lock-up period. 

For further information, please contact:

Geir Johansen
Chief Financial Officer
Mail: geir.johansen@axactor.com
Cell Phone: +47 477 10 451

About Axactor:
Axactor Group is a debt collection and debt purchase 
company, with operations in Italy, Norway and Spain. 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 about 
EUR 1,500 billion, and Axactor's main focus is debt 
collection and purchase of NPL portfolios. Axactor has 
approximately 700 employees.