Executive Change: CEO Michael Wolf Leaves Intrum Justitia

Intrum Justitia announced today that Michael Wolf is leaving the firm after two years as CEO in order to take up the position as President of the Swedbank Group.

"Although I am sad to see Michael leave us, I wish him and Swedbank all the best," says Lars Lundquist, Chairman of the Board of Intrum Justitia AB. "Intrum Justitia’s strategy to create complete solutions for long term client relations within Credit Management Services remains unchanged. Our aim is to build client and shareholder values and to be an attractive employer."

Intrum Justitia will continue on its chosen path: the efforts to achieve higher operational efficiency will continue with undiminished force. Knowledge sharing within the Group, regionalization and the building of a common data centre are important corner stones for our strategy.

"Intrum Justitia has a strong and experienced Group Management Team and it is with confidence I look forward to the continued cooperation within the Group," concludes Lars Lundquist.

Michael Wolf remains in his position until April 24, 2009. The process to recruit Michael Wolf’s successor has been initiated.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, with revenues of approximately SEK 3.2 billion and 3,600 employees in 24 markets. Intrum Justitia offers services designed to measurably improve clients’ cash flows and long-term profitability. Intrum Justitia AB is listed on the Nordic Exchange, Mid Cap list. For further information, please visit www.intrum.com