New Chief Operating Officer, COO Aktiv Kapital (OSL:AIK) Group

Aktiv Kapital (OSL:AIK) We are pleased to announce that Tiku Patel is appointed to and has accepted the role as Chief Operating Officer in the Aktiv Kapital Group.

Tiku Patel is a people-manager and business builder who throughout his career has empowered change and run large businesses.

Tiku most recently held the position as Managing Director, UK & Ireland at Experian and before that as COO of Experian UK & Ireland. From 2002 to 2006, he held various executive positions at Barclays such as Managing Director, Barclays Premier and COO, Barclays Medium Business Banking. Before joining Barclays, Tiku worked with commercial, strategic and financial issues at Kingfisher.

Erik Oyno, Group CEO & President of Aktiv Kapital, states that "I am confident that Tiku Patel with his operational management style, and retail and consumer finance experience coupled with his energy and his eagerness and willingness to learn a new business, will contribute significantly to the continued success of Aktiv Kapital. Furthermore, I do believe Aktiv Kapital needs to reinforce our operational focus and our ability to harvest on the current investments, and Tiku will make a great contribution achieving this. "

Tiku Patel holds a Master in Mathematics from Oxford University and is a qualified accountant. He will be a member of the Corporate Management from December 1st 2008.

Further information

Erik Oyno, Group CEO & President Phone: +47 90131203, email: erik.oyno@aktivkapital.com or May Kristin Haugen, Chief HR & Communication Officer Phone: +47 97745057, email: may.kristin.haugen@aktivkapital.com

About Aktiv Kapital

Headquartered in Oslo, Norway. Aktiv Kapital has operations in 11 countries, and is today Europe's and Canada's largest purchaser of non-performing consumer credits. Aktiv Kapital had in 2007 an operating revenue NOK 1 575 million. Within the Portfolio segment Aktiv Kapital had approx 550 000 paying customers in 2007. Aktiv Kapital is listed on the Oslo Stock Exchange (AIK). For more information about Aktiv Kapital, please visit www.aktivkapital.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Aktiv Kapital

http://www.aktivkapital.com

ISIN: NO0003075004

Stock Identifier: XOSL.AIK