German ALTOR Group, part of Axactor, wins big tender for third party collection in the banking sector

Heidelberger Inkasso GmbH, part of Altor Group,

succeeds in the tender for the "Legal & Non-Legal Claims Collection" of one

of the top 5 private banks in Germany. Starting on the first of November

ALTOR receives 40% of the claims in this segment.

During the contractual period of two years ALTOR will receive the bank's

terminated loan contracts from direct sales, credits and commodity

transactions for both B2C and B2B customers. ALTOR will be responsible for

the whole legal and non-legal collection process including insolvencies.

Due to the fact that ALTOR will receive higher volumes and will also take

over the legal collection of the bank's claims, the successful partnership,

which started in 2008, will be widely enlarged. The expected overall

turnover for the contractual period of two years for Heidelberger Inkasso

GmbH is EUR1.6m.

Apart from attractive terms and conditions Heidelberger Inkasso GmbH was

able to outline the special expertise in the banking sector the group has

achieved over the past 30 years. About 80% of the outstanding balance of

claims ALTOR successfully works on derive from the financial sector.

An up-to date collection software, the permanent optimization of the

collection process, the strong focus on data security and compliance as well

as high investments in the IT infrastructure are - apart from the workforce

- some of the factors of ALTOR's success.

This was also proven by an external audit which Heidelberger Inkasso GmbH

has successfully completed. In March 2016 the company was granted - as the

first and until now only collection agency - the "GBB-Gütesiegel für

Sicherheit, Qualität und Vertrauen". The quality seal was awarded by GBB-

Rating Gesellschaft für Bonitätsbeurteilung, which is an independent,

external rating agency with special expertise in the financial services

sector.

Doris Pleil, CEO of the ALTOR Group, is very positive about the outcome of

this important tender: "We are very delighted by the trust our long term

customer expresses by extending our collaboration and take this fact as an

acknowledgement of our successful work in the past. At the same time we take

this as an obligation for continuous improvement."

For further information, please contact:

Endre Rangnes

Chief Executive Officer

Mail: endre.rangnes@axactor.com

Tel: +46 8 402 28 00

Cell Phone: +47 48 22 11 11

Geir Johansen

Chief Financial Officer

Mail: geir.johansen@axactor.com

Cell Phone: +47 477 10 451

About AXACTOR-

Axactor is addressing a large non-performing loan (NPL) market in Europe.

The market is estimated to around EUR 1.5 trillion and with a solid growth

rate. The main growth factors are partly driven by regulatory changes, sales

of non-performing loans and an accelerating trend of outsourcing debt

collection to specialized companies. Furthermore, we see a consolidation

trend in the debt collection/debt purchase industry. Axactor's main focus in

the credit management value chain will be: amicable and legal collection,

surveillance and acquisition of NPLs.

Axactor was established in 2015 and has approximately 900 employees.