In recent years Intrum Justitia has increased its debt purchases. Since 2002 revenues from our portfolios have increased from SEK 163 M to approximately SEK 574 M. In 2007 we acquired 1,139 portfolios with a book value of SEK 1,882 M. The single largest portfolio, acquired from a Austrian bank, consists of non-performing bank loans. The largest portfolios are comprised of bank loans, credit card receivables and receivables from telecom companies. Following this increase in activity, the Group's acquisitions of small and medium sized portfolios are expected to reach SEK 700 M in 2008, compared to the previous level of SEK 500 M. In addition, some large portfolios may be acquired.

Competition in this market remains high from a number of sources. We target small and medium-sized portfolios of consumer receivables with relatively small amounts per receivable. In general, we acquire portfolios from clients with whom we have maintained long-term relationships. Access to extensive collection histories and sophisticated valuation methods make it easier for us to accurately measure the potential collectable value of these portfolios.

The most important success factors in this area are quality, efficiency and analytic ability. By devoting our energy and efforts to active cases instead of cases where customers are difficult to identify, for example, the prospects of getting paid are much higher.