AXA - Additional information regarding the subsequent offering

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 notice from Axactor 
AB ("Axactor" or the "Company") on 13 October 2016 regarding 
the completion of the private placement of 230,000,000 new 
shares (the "Private Placement") and the subsequent offering 
of 50,000,000 new shares (the "Subsequent Offering").

The Subsequent Offering will be directed towards shareholders 
in the Company as of close of trading on 12 October 2016 and 
as registered in the VPS on 14 October 2016 (the "Record 
Date") who were not allocated shares in the Private 
Placement, whether they had subscribed for shares in the 
Private Placement or not, and who are not resident in a 
jurisdiction where such offering would be unlawful, or would 
(in jurisdictions other than Sweden or Norway) require any 
prospectus filing, registration or similar action (the 
"Eligible Shareholders").

The subscription price in the Subsequent Offering will be NOK 
2.60, i.e. equal to the subscription price in the Private 
Placement. 

For each share recorded as held as of expiry of the Record 
Date, each Eligible Shareholder will be granted one 
subscription right. Twelve subscription rights give the 
holder a right to subscribe for one offer share in the 
Subsequent Offering. The subscription rights will not be 
listed and tradeable. Subscription rights not used to 
subscribe for shares prior to the expiry of the subscription 
period will lapse without compensation to the holder and will 
consequently be of no value.

The subscription period for the Subsequent Offering will last 
for ten business days and commences as soon as practically 
possible following the approval of a prospectus by the 
Swedish Financial Supervisory Authority, expected in the 
second half of November 2016. Such approval and the 
commencement of the subscription period will be further 
announced by the Company in due course. No action is 
currently required by the Eligible Shareholders at this 
point.

Carnegie and DNB Markets (the "Managers") act as joint 
bookrunners for the Subsequent Offering.

Further details regarding the Subsequent Offering will be 
made in due course.

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

Cautionary Statement: Statements and assumptions made in this 
document with respect to Axactor AB's ("Axactor") current 
plans, estimates, strategies and beliefs, and other 
statements that are not historical facts, are forward-looking 
statements about the future performance of Axactor. Forward-
looking statements include, but are not limited to, those 
using words such as "may", "might", "seeks", "expects", 
"anticipates", "estimates", "believes", "projects", "plans", 
strategy", "forecast" and similar expressions. These 
statements reflect management's expectations and assumptions 
in light of currently available information. They are subject 
to a number of risks and uncertainties, including, but not 
limited to, (i) changes in the economic, regulatory and 
political environments in the countries where Axactor 
operates; (ii) changes relating to the statistic information 
available in respect of the various debt collection projects 
undertaken; (iii) Axactor's continued ability to secure 
enough financing to carry on its operations as a going 
concern; (iv) the success of its potential partners, ventures 
and alliances, if any; (v) currency exchange rate 
fluctuations between the SEK and the currencies in other 
countries where Axactor or its subsidiaries operate. In the 
light of the risks and uncertainties involved in the debt 
collection business, the actual results could differ 
materially from those presented and forecast in this 
document. Axactor assumes no unconditional obligation to 
immediately update any such statements and/or forecasts.