Atorka Group - Grant Stock options on Shares to Key Employees


The board of directors of Atorka Group hf. (ATOR) has decided to grant stock options on shares in the company to its key employees. Stock option holders are entitled to exercise one third of their stock option every year for three year period, from 2008 to 2010 from 1 February to 1 March each year and the first excercise 1 February to 1 March 2008. The option has an exercise price which is weighted average price of trades in January 2007. The total shares of the stock options is 84 millions shares.

Name of primary insider: Benedikt Olgeirsson
Insider's relation to the issuer: Managing Director
Number of shares according to stock option plan: 12.000.000
Number of shares insiders has put option: 35.954.545 shares
Primary insider's holdings: 0 shares
Number of shares according to forward contract; 0 shares
Related parties' holdings: 35.954.545 shares

Name of primary insider: Magnús Jónsson
Insider's relation to the issuer: CEO
Number of shares according to stock option plan: 60.000.000
Number of shares insiders has put option: 46.227.273 shares
Primary insider's holdings: 0 shares
Number of shares according to forward contract; 0 shares
Related parties' holdings: 411.985.201 shares

Name of primary insider: Ína Edda Þórsdótir
Insider's relation to the issuer: Finance Director
Number of shares according to stock option plan: 6.000.000
Number of shares insiders has put option:0 shares
Primary insider's holdings: 0 shares
Number of shares according to forward contract; 0 shares
Related parties' holdings: 0 shares

Name of primary insider: Valdís Arnardóttir
Insider's relation to the issuer: PR and communication Manager
Number of shares according to stock option plan: 6.000.000
Number of shares insiders has put option: 0 shares
Primary insider's holdings:0 shares
Number of shares according to forward contract; 2.054.545 shares
Related parties' holdings: 0 shares