Nordax granted license to conduct banking business and changing name to Nordax Bank AB (publ)

The Swedish Financial Supervisory Authority has on December 5, 2014 granted
Nordax Finans AB (publ) a license to conduct banking business.

The bank license is expected to strengthen the company brand in the Nordic and
German consumer finance markets and will further clarify the company’s mission
in relation to stakeholders. The bank license will also enable further
development of the existing product offering within savings and new product
offerings such as bank cards.

An application to change the company name to Nordax Bank AB (publ) has been
filed with the Swedish Companies Registration Office.
For further information please contact:

Brunswick Group (BRNSWK Nordic AB)
Peter Lindell, Partner
Tel +46 8 410 32 180
plindell@brunswickgroup.com
Nordax is a bank that offers savings and lending to private individuals in
Sweden, Norway, Finland, Denmark and Germany with headquarters in Stockholm.
Nordax was established in 2004 and has approximately 200 employees. As of
September 30, 2014 lending to the general public amounted to 9.9 billion Swedish
kronor and deposits from customers to 6.4 billion Swedish kronor. Nordax is
supervised by the Swedish Financial Supervisory Authority. For more information
and financial reports please see www.nordax.se.

The information in this press release is information that Nordax Finans AB
(publ) is required to disclose under the Swedish Securities Markets Act. It was
released for publication at 13.30 (CET) on December 9, 2014.