(Oslo, 7 May 2024) Axactor ASA (Axactor, OSE: ACR) announce first quarter
financial results.

Key figures Q1 2024 (change from continuing operations Q1 2023 in brackets)*
- Gross revenue of EUR 79m (down 4%)
- Total income of EUR 57m (down 9%)
- EBITDA of EUR 26m (down 14%)
- Cash EBITDA of EUR 49m (down 5%)
- Annualized return on equity 1% (down 6ppt)
- NPL investments of EUR 11m (down 67%)

"First quarter was a soft quarter for Axactor. Low investments in 2023 and so
far in 2024, a challenging collection environment and elevated interest rates
puts pressure on the financial result. Despite the challenges I am extremely
proud of all the employees and their achievements during the quarter. We have
successfully conducted several performance improvement projects, renegotiated
3PC contracts at favourable terms and improved the organizational structure to
facilitate increased knowledge sharing across countries" says Johnny Tsolis, CEO
of Axactor.

Presentations
10:00 am CEST, 7 May 2024: The results will be presented in a global investor
webcast with a live Q&A session. A recording of the webcast will be made
available after the live stream is concluded on axactor.com.

Webcast participation will be possible via the following:

Streaming
- https://eu-app.webinar.net/rneL3kd2KmG

Phone
- Dial-in pin: 715740
- Norway: +47 815 03 308
- Sweden: +46 10 884 80 16
- Denmark: +45 89 87 50 45
- United Kingdom: +44 20 3936 2999
- United States: +1 646 664 1960

For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com

To learn more about Axactor, visit www.axactor.com

*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section on page
34-36 of the third quarter financial report.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA,
on 7 May 2024 at 07:00 CEST.