2 May 2007


Name of insider:
Lárus Welding

Relations with the issuer:
CEO

Date of transaction:
2.5.2007

Buy or Sell:
Kaup / Buy

Type of instrument:
Kaupréttur / Call option

Number of shares:
150.000.000

Price:
26,6

Primary insider's holdings after the transaction:
0

Primary insider's option holdings after the transaction:
150.000.000

Related parties holdings after the transaction:
0

Date of settlement:
2.5.2012

Comments
The call-option agreement has a duration of five years and accrues to the
insider 20% each year. The exercise price shall be adjusted for dividend
payments.