Axactor wins 3 new annual contracts from large financial institutions in Spain

Oslo, 31 July 2017 - Axactor has signed 3 new contracts providing

outsourcing services for 3 large Financial Institutions. The

combined annual contract value is EUR 4.5m and all 3 contracts are

signed on the basis of 12 months, renewable each year.

"These transactions demonstrate the Spanish teams dedication to

developing both Legal and Amicable outsourcing as well as the more

prominent Debt Purchase business. In addition, the timing of these

contracts before the summer break, puts the business in great shape

for the second half of 2017 and into 2018.", says Endre Rangnes, CEO

Axactor

"The Axactor team in Spain is delighted to close 3 separate

contracts with significant FI players in the Spanish market. We have

invested significant time and resources into building new

relationships to complement the existing business, with special

thanks to the new Axactor Spain Sales team demonstrating their value

so quickly after joining the business.", says Andrés López and David

Martín, General 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