Hoist Finance strengthens position in attractive asset class in Italy


As part of its strategy to be a leading debt-restructuring partner to large
international banks, Hoist Finance continues to build and enhance its competence
and capabilities in unsecured and secured non-performing claims from small- and
-medium sized enterprises (“SMEs”).

An important milestone in this strategic expansion outside of the consumer
segment is today´s acquisition of a NPL portfolio of assets relating to SMEs
from Banco Popolare, the 4th largest bank in Italy by assets.

“Hoist Finance has experience in this asset class, albeit on smaller scales.
This transaction will allow us to substantially expand our knowledge with these
types of assets. This acquisition is well within the expected growth trajectory
of Hoist Finance Italy and one that supports our strategic mandate in the
region”, says Clemente Reale, Head of Hoist Finance Italy.

The portfolio consists of approximately 9000 claims with a nominal value of
approximately 950 million euros. The 10-year Estimated Remaining Collections are
72 million euros.

“This transaction is yet another example of our commitment to our clients to be
the leading debt restructuring partner. We want to continue to deliver
innovative solutions to our clients in order to help facilitate the positive
restructuring of their balance sheets. We expect further growth in the unsecured
and secured SME NPL space in Italy” says Henrik Gustafsson, Group Head of Sales
and Investments, Hoist Finance.

For further information please contact :

Henrik Gustafsson, Group Head of Sales and Investments

Telephone: +46 725 06 14 06

Anne Rhenman Eklund, Group Head of Communications and IR

Telephone: +46 (0)8 555 177 90

About Hoist Finance

Hoist Finance is a leading debt restructuring partner to international banks and
financial institutions, offering a broad spectrum of advanced solutions for
acquisition and management of non-performing unsecured consumer loans. Hoist
Finance operates through eleven in-house collection centers across Europe,
complemented by local external debt servicing partners. The total carrying value
of Hoist Finance’s acquired loans was approximately SEK 8.9 billion as per 31
December 2014. The parent company Hoist Finance AB (publ) is listed on Nasdaq
Stockholm Mid-Cap list and its subsidiary Hoist Kredit AB (publ) is a regulated
“Credit Market Company” under the supervision of the Swedish Financial
Supervisory Authority (Sw. Finansinspektionen). In Sweden, the company offers
internet-based savings deposit services through HoistSpar, with around 65,000
active accounts.

The information above has been published pursuant to the Swedish Securities
Markets Act (Sw. lagen om värdepappersmarknaden) and/or the Swedish Financial
Instruments Trading Act (Sw. lagen om handel med finansiella instrument). This
information was released for publication at approximately 08.30 AM (CET) on 2
October 2015.

Attachments

09308727.pdf
GlobeNewswire