Axactor acquires a substantial unsecured Non Performing Loan (NPL) portfolio in Spain

Axactor has acquired an unsecured NPL portfolio originally 
generated by a Spanish local savings bank. 
The portfolio includes unsecured loans with a total 
Outstanding Balance (OB) of approximately EUR 500 million 
and more than one hundred thousand open accounts of 
Individuals and SMEs. Axactor will pay around 3% of the 
Outstanding Balance.

"The transaction is an important milestone and represents an 
evidence of our strategy of becoming the leading credit 
management services partner to large international banks, 
financial institutions and funds. The portfolio will add 
significant scale to our amicable collections center in 
Valladolid and to our legal collection entity. With this 
contract we will further strengthen our presence in Spain", 
says Endre Rangnes, Axactor CEO.

The investments will be financed by Axactor's available cash 
and our bank credit facilities. 

"With the very competitive funding vehicle we have 
established, and with our lean cost structure, we are well 
positioned to gain new business in Spain and other countries 
in Europe", says Geir Johansen, Axactor CFO.

For additional information, please contact:

Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +4747710451
Email: geir.johansen@axactor.com
www.axactor.com