Axactor has signed three major third party collection contracts with Financial Institutions in Spain

Axactor has signed 3 new servicing contracts with 2 large Financial

Institutions and a Large Fund specializing in Receivables management

and Debt Purchase. The one year renewable contracts have a total

revenue value of circa five million euros over the next 12 months.

" The Agreements represent a clear indication that Axactor is able to

provide an effective and comprehensive legal and collection service

to Financial Institutions, covering Retail, Banking and SME products

in Spain. The Axactor team is very focused on ensuring they tailor

solutions to meet each clients specific needs and hope these

contracts will be the first of many during the current financial

year." Says Andrés López and David Martín, Country Managers of

Axactor Spain.

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