Intrum Justitia establishes strategic partnership with Experto Credite in the UK

- Strengthens competence as investor in Purchased Debt Intrum Justitia has entered an agreement with UK-based credit management company Experto Credite regarding the transfer of Intrum Justitia's credit management operations. Intrum Justitia will remain owners of the existing portfolios of receivables while staff, premises and all collection activities are to be transferred to Experto Credite.

Experto Credite is a leading provider of debt management services in the UK with expertise in areas such as financial products, telecom, debt purchase and outsourcing solutions. The company was established in 1997 and employs around 100 people.

“Experto Credite has been in the UK market for nearly 15 years with an excellent track record when it comes to offering and providing credit management services, including debt collection and purchased debt solutions. I am glad we were able to sign this agreement as it provides us with great development opportunities and it also ensures continued employment for our staff in Liverpool. The partnership will improve our operations efficiency and provide us with new competencies that make us more competitive as an investor in Purchased Debt,” says Pascal Labrue, Regional Managing Director for Western Europe.

The new agreement implies Experto Credite assuming responsibility for all staff and premises in Liverpool with effect from 1 September 2011. Intrum Justitia currently employs around 35 people at its UK office in Liverpool.  Experto Credite will enhance Intrum Justita’s current collection performance and support future acquisitions of debt portfolios in the UK.

“The UK is Europe’s largest purchased debt market and an important market in which we should maintain a presence. By transferring our credit management operations to a strong partner in the UK, we can focus our resources on the sourcing of new portfolios. This is a strategically important step for Intrum Justitia in the UK,” says Lars Wollung, CEO and President of Intrum Justitia.

For more information, please contact:

Lars Wollung, CEO and President, Tel: +46 8 546 102 00

Pascal Labrue, Regional Managing Director Western Europe, Tel: + 33 4 7280 1409

Annika Billberg, IR & Communications Director

Tel: +46 8 546 102 03, +46 702 67 97 91, E-mail: a.billberg@intrum.com

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group and offers services designed to measurably improve clients’ cash flows and long-term profitability. Intrum Justitia was founded in 1923, has around 3,100 employees in 22 countries and revenues of approximately SEK 3.8 billion in 2010. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com