AXACTOR ACQUIRES ALTOR GROUP AND ENTERS THE GERMAN MARKET

Heidelberg/Oslo, 29 September 2016 - Axactor AB (publ.) ("Axactor") acquires ALTOR Group ("ALTOR") in Germany.

ALTOR is a leading independent debt purchase/debt collection company in Germany with EUR 2bn under management. The company has a strong position in the financial sector for both 3rd party collection (3PC) and debt portfolio acquisitions.

Located in Heidelberg close to Frankfurt, ALTOR has operated in the German market for more than 30 years and has currently about 200 employees. Over the last 5 years, the company has acquired 16 NPL (non-performing loans) portfolios with a total face value of more than EUR 800m. ALTOR works with a highly scalable collection platform and has invested significantly in a new collection system over the last 3-4 years. The company manages more than EUR 1bn in debt on behalf of banks and financial institutions. In 2015, the group delivered revenues of EUR 21.6m and EBITDA of EUR 4.1m (German GAAP).

Axactor will pay an enterprise value of EUR 34,1m for 100% of the shares in the ALTOR Group which will be settled in cash. The net financial position is approximately EUR 16,5m. The transaction will be fully financed through the existing credit facility Axactor has with DNB/Nordea as well as use of available cash. The current management team of ALTOR will continue to manage the company and will take part in the Axactor share option program.

As one of the largest European markets with an expected EUR 53bn NPL (for the private sector and small and medium enterprises) by the end of 2016 Germany is a key market in Axactors Pan-European growth strategy and its ambition to become a leading player in the debt collection/debt purchase segment. As the market for servicers and debt collection agencies is currently consolidating, Axactor consider this a  perfect timing to enter the German market. The acquisition of a well-known and successful company managing an attractive portfolio with a high growth potential in in line with the Axactor strategy. For ALTOR the new owner brings the opportunity to gain market shares by purchasing large and medium sized NPL portfolios.

"With the acquisition of the ALTOR Group, Axactor is acquiring a solid platform in Germany and will instantly be well positioned in the financial segment, focusing both on 3PC and portfolio acquisitions. We are excited to get onboard an experienced management team and organization. The previous owners, Mr. Strack and Mrs. Grebe and the management team, have over the past years built a successful business with impressive results. With an entrance into the German market, Axactor is also further expanding the geographical footprint in Europe and strengthening our position in the financial services sector", says Endre Rangnes, CEO Axactor Group.

The former owners of the ALTOR Group Mrs Grebe (67) and Mr Strack (83) says, "the decision to sell the company we have not only successfully managed but lived for since 1987 was not an easy one. With Axactor we found a company with an excellent knowledge of the market. For us it was important that the buyer made a clear commitment to the location, the employees and the management of ALTOR in Heidelberg. We feel certain, that Axactor will ensure the future success of ALTOR and continue our lifetime achievement."

PwC Deals acted as sole Strategic and Financial Advisor to the transaction.

Closing of the transaction is expected by the end of September.

About Axactor

Axactor Group is a debt collection and debt purchase company, currently operating 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 be about EUR 1,500 billion, and Axactor's main focus is debt collection and purchase of NPL portfolios. With the purchase of ALTOR and herewith the entry into the very important German market we will operate with a workforce of more than 900 employees.

About ALTOR

The ALTOR Group unites the companies around Heidelberger Inkasso GmbH which was founded back in 1980, to form one of Germany's largest independent service providers in the field of debt collection/debt purchasing. ALTOR has a special expertise in the banking sector, for utility companies and e-commerce. When it comes to liquidity ALTOR covers the entire life cycle of customer relationships - from early intervention through to the handling and purchase of non-performing loans. Innovative and customer tailored services, committed and highly qualified staff, a state-of-the-art and secure infrastructure and reliable partners are just some of the tools ALTOR uses to achieve mutual success.

Contacts:

CEO Axactor:

Endre Rangnes

Tel. +47 482 21 111

E-mail: endre.rangnes@axactor.com

CFO/Investor Relations Axactor

Geir Johansen

Tel. +47 477 10 451

E-mail: geir.johansen@axactor.com

CEO ALTOR:

Doris Pleil

Tel. +49 6221 987 750

E-Mail: doris.pleil@altor-group.com