Executive Change: Lars Wollung Assumes CEO Position at Intrum Justitia

European accounts receivable management firm Intrum Justitia AB announced today that Lars Wollung will assume the position of CEO and President for the company.

As was announced on November 17, 2008, Lars Wollung has been appointed Chief Executive Officer and President for Intrum Justitia AB. He will assume the position on February 1, 2009, at which date he will also resign from his position as member of the Board of Directors of Intrum Justitia AB.

In connection thereto, Monika Elling will resign from the position as Acting CEO. She remains CFO of the Intrum Justitia Group.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, with revenues of approximately SEK 3.2 billion ($387 million) 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.