Major shareholder announcements

Bakkavör Group Major Holdings

Name of party notifying Exista hf.
Address of the party notifing Ármúli 3, Reykjavík
Date of transaction 24.8.2006
Number of shares in transaction 142.200.000
Number of shares before the transaction 684.337.316
Number of shares after the transaction 826.537.316
Holdings of total nominal value before the transaction % 32,07%
Holdings of total nominal value after the transaction % 38,73%
Notification is based on Art. 33 (1) of the Act no. 33/2003 point(s) no.3.




Additional information
Exista hf. is a primary insider in Bakkavör Group hf. by virtue of the Exista B.V. holdings. Exista B.V. is 100% owned by Exista hf. The board of directors of Exista ehf. includes Lýdur Gudmundsson and Ágúst Gudmundsson who, by virtue of their positions in Bakkavör Group hf., are primary insiders in Bakkavör Group hf. The CEOs of Exista hf., Erlendur Hjaltason and Sigurdur Valtýsson, are also primary insiders in Bakkavör Group hf. Before the aforementioned transaction Exista B.V. was the owner of 648,289,416 shares in Bakkavör Group hf.

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