Axactor acquires another primary portfolio in Spain

Oslo, 28 June, 2017 - Axactor has closed another primary transaction

in Spain, this transaction is from BMN. The portfolio has an

outstanding balance in excess of EUR 165 million across more than

7.500 cases. The portfolio is a mix of SME cases with a private

Guarantor and cases of unsecured individuals.

"This transaction confirms a fantastic end to Axactor's second

quarter, not only in Spain but across the Group. Although working in

a highly competitive marketplace, the team have been able to

prioritize the key transactions generating the best returns for

Axactor and close them. We are all looking forward to continuing

this momentum into the rest of the year." says Endre Rangnes, CEO

Axactor.

"We are really pleased to close this portfolio before the summer, it

represents a key acquisition, which will ensure we carry the

momentum from the first half of 2017 into the rest of the year. In

addition, the SME portfolio has a secured element, which will help

us to continue developing the services we can provide to the NPL

market and our customers." Says Andres Lopez and David Martin,

General Managers, Axactor Spain.

The transaction will be financed from existing cash and credit

facilities.

For additional information, please contact:

Endre Rangnes, CEO Axactor

Mobile phone: +47 4822 1111

Email: endre.rangnes@axactor.com

or

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +47 4771 0451

Email: geir.johansen@axactor.com