Axactor has signed an agreement to acquire EUR 221 million Non Performing Loan (NPL) portfolio in Spain

Oslo, 17. Mars 2016 - Axactor has signed an agreement to 
acquire a NPL portfolio originally generated by a large 
Spanish consumer finance institution. The portfolio includes 
unsecured and secured loans with a total Outstanding Balance 
(OB) of approximately EUR 221 million, with more than 
twenty-five thousand open accounts of individuals and a 
solid paying book.

Axactor will pay around 6.9% of the Outstanding Balance.

"This is Axactor's 3rd major portfolio acquisition in Spain 
in less than 50 days, and is an evidence of our 
competitiveness and strong position in this market. The 
portfolio will add significant new volumes to our amicable 
and legal operations in Spain. Axactor's Madrid based 
Spanish business has more than doubled since November 2015 - 
our Spanish operations is now more than 200 employees. This 
proves that our business model and strategy is on the right 
track; acquiring strong local operational platforms with 
growth potential and providing international industry 
experience and financial strength", says Endre Rangnes, CEO 
of Axactor.

"We are now positioning Axactor to gain more business in 
Spain and other countries in Europe. Our substantial 
industry insight, proven track record and market offer makes 
Axactor an attractive partner to major European banks, 
financial institutions and funds", says Rangnes.

"With this deal, Axactor has acquired NPL portfolios in 
Spain with a Face Value of approximately EUR 730 million and 
we have deployed more than EUR 30 million in portfolio 
acquisitions", says Geir Johansen, CFO of Axactor.

The investments will be financed by Axactor's available cash 
and the credit facilities with DNB. 

For additional information, please contact:

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

Axactor is a newly established company within the credit 
management service industry - with a Nordic base, and with 
an ambitious Pan-European growth strategy. The company is 
addressing a large non-performing loan (NPL) market in 
Europe, estimated to around EUR 1.5 trillion, and the main 
focus in the credit management value chain is: reminder 
services, amicable and legal collection, surveillance and 
acquisition of NPLs.
As a first step in the Pan-European growth strategy Axactor 
acquired in November/December 2015 the company ALD Abogados, 
a leading legal debt collection agency in Madrid with 90 
employees. In addition, an amicable high volume collection 
center with 110 employees has been established in 
Valladolid, Spain .