Nordax Group AB (publ): Camilla Wirth, CFO, to Leave Nordax

Regulatory News:

Nordax (STO:NDX) today announces that Camilla Wirth has chosen to leave the Company for new challenges outside Nordax.

Camilla Wirth will retain her responsibilities as CFO until she leaves the company during the spring 2017. A search for Camilla's successor has been initiated.

"Camilla has contributed positively to Nordax success since she joined the Company in 2011 and has been a strong support to me, not least in connection with the IPO in 2015. I wish her all the best with future challenges”, says Morten Falch, CEO of Nordax.

About Nordax

Nordax is a leading niche bank in Northern Europe providing personal loans and deposit accounts to more than 100,000 customers in Sweden, Norway, Finland, Denmark and Germany. Nordax employs about 200 people, all work­ing in its office in Stockholm. The underwriting process is Nordax’s core competency; it is thorough, sound and data driven. Nordax’s customers are financially stable individuals. The typical customer is 49 years old and has an income above the national average. As of September 30, 2016 lending to the general public amounted to SEK 12.5 billion and deposits amounted to SEK 7.2 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. For more information about Nordax’s customer offerings, read more on each country’s web site: www.nordax.se, www.nordax.no, www.nordax.fi and www.nordax.de.

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