Hoist Finance: Additional Information Regarding Hoist Finance’s Acquisition of a Portfolio in the UK

STOCKHOLM--()--Regulatory News:

Hoist Kredit (STO:HOI)

On 2 July 2015, Hoist Finance AB (publ) released information regarding the acquisition of the debt purchase company Compello Holdings Limited, including a diversified banking portfolio. The total amount of the investment is approximately £113 million.

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 ten 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 3 July 2015.

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Contacts

Hoist Finance
Anne Rhenman Eklund
Group Head of Communications and IR
Phone: +46 (0)72 506 14 30

Contacts

Hoist Finance
Anne Rhenman Eklund
Group Head of Communications and IR
Phone: +46 (0)72 506 14 30