In connection to a purchase agreement of shares in Sampo Oyj (see Stock Exchange Announcement as of 8 February 2007), and subject to the completion of that transaction, the Board of Directors of Exista hf. has made a commitment to partially exercise its authority pursuant to Article 4 of the Company's Articles of Association to raise the Company's share capital by 526,652,209 shares from 10,838,746,119 to 11,365,398,328 shares. The new shares will be issued at the completion of a purchase agreement of A-shares in Sampo, representing 9.50% of the total share capital of Sampo, which is subject to, inter alia, approval of the relevant supervisory authorities. The new shares will be used as a partial payment in the purchase of 9.50% of the total share capital in Sampo. Following the payment of shares, the Tchenguiz Family Trust will become the beneficial owner of 559,404,098 shares in Exista. According to the purchase agreement, the Tchenguiz Family Trust will hold the Exista shares for a minimum of 12 months after completion. Final payments are subject to a proposed dividend payment to be determined by shareholders at Exista's Annual General Meeting. At the Annual General Meeting in March 2007, it will be proposed that Robert Tchenguiz will take a seat on the Board of Directors of Exista hf. According to the shareholders list as of 7 February 2007, this transaction will have on completion the following effect on the largest shareholders and their proportional holdings of the total share capital in Exista: Shareholder % of share capital Bakkabraedur Holding B.V 45.19% Reykjavík Savings Bank (SPRON) 6.04% Samvinnutryggingar Holding 5.42% Tchenguiz Family Trust 4.92% Hesteyri Holding 3.65% Icebank 3.30% Kista (savings banks) 2.54% Keflavík Savings Bank 2.21% AB 47 (holding company) 1.91% Gildi Pension Fund 1.61% Ten largest shareholders 76.78% Other shareholders 23.22% Arion (nominee accounts) 7.11% The new shares will be listed on the Main List of the OMX Nordic Exchange in Iceland. Enquiries: Exista hf. +354 550 8600 Lydur Gudmundsson Executive Chairman Sigurdur Nordal +354 550 8620 / +354 860 8620 Managing Director Group Communications sn@exista.com About Exista Exista is a financial services group with operations in the areas of insurance, asset finance and investments. The company is a leading insurance underwriter in Iceland, as well as the country's largest provider of asset finance products. Exista is also a major shareholder in Kaupthing Bank, Bakkavör Group and Iceland Telecom, among other companies. Exista is listed on OMX Nordic Exchange in Iceland and shareholders are over 30 thousand.