(Oslo, 2 November 2023) Axactor ASA (Axactor, OSE: ACR) announce third
quarter financial results.

Key figures Q3 2023 for continuing operations (change from Q3 2022 in brackets)*
- Gross revenue of EUR 84m (up 3%)
- Total income of EUR 64m (up 9%)
- EBITDA of EUR 34m (up 15%)
- Cash EBITDA of EUR 55m (up 2%)
- Annualized return on equity 6% (down 4ppt)
- NPL investments of EUR 19m (down 72%)

"During the quarter we have successfully refinanced our 2024 bond maturity, and
I am pleased to see that we now have no further credit maturities until June
2026. This gives us security in a turbulent financial market. Our plan is to use
the available proceeds from the refinancing to invest in highly accretive
portfolios going forward. Furthermore, I am satisfied to see continued growth on
a range of key financial metrics, such as gross revenue and cash EBITDA" says
Johnny Tsolis, CEO of Axactor.

Presentations
10:00 am CET, 2 November 2023: 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/zroym03eG1X

Phone
- Dial-in pin: 632891
- Norway: +47 81 50 33 08
- Sweden: +46 10 884 80 16
- Denmark: +45 89 87 50 45
- United Kingdom: +44 20 4587 0498
- 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 36-38 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 2 November 2023 at 07:00 CET.