(Oslo, 15 February 2024) Axactor ASA (Axactor, OSE: ACR) announce fourth
quarter financial results and financial targets for 2026.

FINANCIALS
Key figures Q4 and full year 2023 for continuing operations (change from Q4 and
full year 2022 in brackets)*

Gross revenue
- Q4: EUR 85m (down 4%)
- FY2023: EUR 344m (up 2%)

Total income
- Q4: EUR 65m (up 3%)
- FY2023: EUR 257m (up 7%)

EBITDA
- Q4: EUR 34m (up 10%)
- FY2023: EUR 132m (up 11%)

Cash EBITDA
- Q4: EUR 55m (down 4%)
- FY2023: EUR 221m (up 1%)

Annualized return on equity
- Q4: 9% (down 1pp)
- FY2023: 8% (down 2pp)

NPL investments
- Q4: EUR 24m (down 74%)
- FY2023: EUR 116m (down 60%)

"Q4 is another solid quarter for Axactor. In addition to delivering growth on
total income and preserving profitability, we have successfully run-off our
discontinued operations (REO). We have a competitive platform to create
shareholder value on for 2024 and beyond and is today launching financial
targets for 2026" says Johnny Tsolis, CEO of Axactor.

FINANCIAL TARGETS 2026
Growth
- NPL investments of EUR 100 - 200 million annually

Profit
- Minimum 12% ROE**

Returns
- 20 - 50% dividend pay-out ratio annually

Leverage
- Maximum leverage of 3.5x

PRESENTATION
10:00 am CET, 15 February 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/paxw9o13K7g

Phone
- Dial-in pin: 885660
- Norway: +47 81 50 33 08
- 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 37-39 of the fourth quarter financial report.

**Assuming EURIBOR and STIBOR of 2.0% and NIBOR of 2.9% in 2026. The target is
excluding any possible one-time financial cost related to refinancing.

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 15 February 2024 at 07:00 CET.