Nordax announces Asset Backed Securities transaction

Nordax Bank AB (publ), a subsidiary to Nordax Group AB (publ), and issuer Nordax
Sverige 4 AB (publ),
a subsidiary of Nordax Bank AB (publ), have mandated Citigroup as arranger for
“Scandinavian Consumer
Loans V”, a SEK denominated Asset Backed Securities (“ABS”) transaction backed
by a portfolio of Swedish unsecured consumer loans to be launched in the near
future, subject to market conditions.

For further information please contact:

Johanna Clason, Treasurer, Nordax

Tel: + 46 8 690 18 68

E-mail: ir@nordax.se

About Nordax

Nordax is a leading niche bank in the Nordic region providing unsecured consumer
loans and deposit accounts to about 100,000 customers in Sweden, Norway,
Finland, Denmark and Germany. Nordax employs about 200 people, all working in
its office in Stockholm. Nordax was founded by six entrepreneurs with extensive
risk management experience. The underwriting process is Nordax’s core
competency; it is thorough, sound and data driven. Nordax’s customers are
financially stable people in the prime of life. As of 30 September 2015 lending
to the general public amounted to SEK 10.6 billion and deposits amounted to SEK
6.3 billion. Nordax has been supervised by the Swedish Financial Supervisory
Authority since 2004 and deposits are covered by the Swedish deposit guarantee
scheme. Read more on www.nordaxgroup.com.

Nordax Group AB (publ) announces this information in accordance with the
Securities Market Act and/or the Act on Trading in Financial Instruments and/or
the Nasdaq Stockholm Rule Book. This information was submitted for announcement
on 26 October 2015 at 11.00am CET.