Name of party notifying: Milestone ehf. Address of the party notifing: Suðurlandsbraut 12, 108 Reykjavík Date of transaction: 18.7.2007 Number of shares in transaction: 154.037.511 Number of shares before the transaction: 154.037.511 Number of shares after the transaction: 0 Holdings of total nominal value before the transaction %: 4,57% Holdings of total nominal value after the transaction %: 0,00% Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information: Milestone ehf. and Sjóvá-Almennar tryggingar hf. have accepted the offer from Novator eignarhaldsfélag ehf, for the shares owned by the two companies in Actavis Group hf. Milestone ehf. owned 154.037.511 shares and Sjóvá-Almennar tryggingar hf. owned 44.522.259 shares, totaling 198.559.770, according to forward contract agreements. Once the sale has been finalized, Milestone and affiliated companies will hold no shares in Actavis Group hf. Milestone would like to use this opportunity to whish the owners and employees of Actavis Group hf. all the best in the future, and to thank them for a fruitful cooperation in recent years.