Intrum Justitia Adjusts Operational Capacity in UK Collection Business

Intrum Justitia announced today that it has completed a review of its operations in UK.

The outcome of this review is that Intrum Justitia will increase its focus on the business area of Purchased Debt in England. As a consequence, staff in the English operation will be reduced by 247 employees by the end of the third quarter 2009.

As previously communicated, the Scottish business has been sold.

In Ireland the number of employees has been reduced from 40 to 30 and a new management structure is implemented.

The cost for the changes in England and Ireland is estimated to be around EUR 4 M, and will be reported as a restructuring cost in the third quarter financial results.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group and offers services designed to measurably improve clients’ cash flows and long-term profitability. Intrum Justitia was founded in 1923, has around 3,400 employees in 23 markets and revenues of approximately SEK 3.7 billion. Intrum Justitia AB is listed on Nasdaq OMX Stockholm since 2002. For further information, please visit www.intrum.com