Axactor acquires small unsecured portfolio from Caja Rural del Sur in Spain.

Oslo, 23 December 2016 - Axactor has acquired another 
unsecured NPL portfolio generated by Caja Rural del Sur. The 
portfolio includes unsecured loans with a total Outstanding 
Balance (OB) of approximately EUR 55 million, across 2.000 
claims.

The portfolio transaction although small provides clear 
evidence of Axactor's ability to develop relationships with 
clients who have not actively sold in the past.
"The Spanish team are pleased to close another Prime 
transaction in 2016 and are looking forward to close more 
opportunities in 2017", says Andres Lopez (Head of capital 
Spain)

"The local team have demonstrated their strong focus on 
developing our product offering in Spain across a wider 
audience and we expect this to be one of many transactions 
over the next few years", says Robin Knowles, Axactor EVP 
Portfolio.

The investment will be financed by Axactor's available cash 
and our existing credit facilities. 

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

About AXACTOR-
Axactor is addressing a large non-performing loan (NPL) 
market in Europe. The market is estimated to around EUR 1.5 
trillion and with a solid growth rate. The main growth 
factors are partly driven by regulatory changes, sales 
of non-performing loans and an accelerating trend of 
outsourcing debt collection to specialized companies. 
Furthermore, we see a consolidation trend in the debt 
collection/debt purchase industry. Axactor's main focus in 
the credit management value chain will be: amicable and legal 
collection, surveillance and acquisition of NPLs.

Axactor was established in 2015 and has approximately 900 
employees.