Takeover bid to shareholders of Alfesca

Lur Berri Iceland ehf. makes an offer to Alfesca hf.'s shareholders to purchase their shares in the company

On 28 May 2009 Lur Berri Holding SAS, Kjalar Invest B.V., Alta Food Holding B.V., Kaupthing Singer & Friedlander Ltd. (in administration) and certain members of Alfesca hf.'s hf. management (hereinafter collectively referred to as the "Consortium") entered into agreements concerning the control and operations of Alfesca hf. (hereinafter referred to as "Alfesca" or the "Company").

The agreements entered into by members of the Consortium and Lur Berri Iceland ehf.'s acquisition of shares resulted in the obligation to make a mandatory takeover bid to the other shareholders of Alfesca to purchase their shares in Alfesca, pursuant to Art. 100 of Act No. 108/2007 on Securities Transactions, cf. chapters X and XI of the Act. Lur Berri Iceland ehf., a company incorporated under the laws of Iceland and wholly owned by Lur Berri Holding SAS, makes a mandatory bid based on terms and conditions set out in an public offer document dated 25 June 2009 and made public on the same day.

For further information, please contact the bank's consultants on tel (+354) 444 7000.