Chief results from the interim financial statements of Atorka Group hf.: Key financial indicators for the Consolidated accounts: • Atorka Group's consolidated earnings before taxes for the first three months of the year totalled ISK 459 million. • Earnings for the first quarter totalled ISK 20.1 billion. • The Group's total assets at the end of the period were ISK 100.5 billion. • Equity was ISK 10.3 billion at the end of the quarter. • EBITDA for companies in the energy and construction sector, including Jardboranir, was ISK 392 million during the period, an increase of 31% over the same period in the prior year. • EBITDA for companies in the plastics sector, including Promens, was ISK 1,726 million during the first quarter. Key financial indicators for the Parent company: • After-tax profit totalled ISK 3 billion during the period. • Total assets at the end of March amounted to ISK 51.1 billion. • Equity totalled ISK 18.5 billion at the end of the period. • Annualised return on equity was 70%. • The equity ratio is 36%. • Earnings per share during the period were ISK 0.96. Chief events in the first quarter of 2007 • Promens completed the refinancing of its subsidiary Polimoon with syndicated bank facilities from DnB NOR, Nordea and LBNord. The financing guarantees that the company can continue to grow through further acquisitions. • Atorka increased its share in InterBulk to 40% in connection with a increase in share capital and the acquisition of UTI, a leading containerised bulk transport company focusing largely on the chemical industry in Europe. • Atorka acquired a 30% stake in Clyde Process Solutions (CPS). The purchase allows Atorka to support the company in its acquisition of MAC Equipment, a leading provider of pneumatic conveying systems in North America. • The stake in Romag was sold to Renewable Energy Resources (RER), which then increased its holding in Romag to 22% during the quarter. Renewable Energy Resources, which is owned by Atorka Group, specialises in investments in renewable energy. • Atorka decided to sell its companies in the healthcare sector. Events after the end of the period Jardboranir took a decisive step in its expansion strategy and purchased three high-tech German drill rigs for over ISK 6 billion. With this purchase, Jardboranir's drilling fleet has been expanded substantially and now comprises nearly twice the drilling capacity that it had previously. The addition of this equipment marks a technological watershed for the company's operations. Atorka has been increasing its stake in Amiad Filtration and now has a holding of over 19%. Amiad is a leader in the international market for the production of water filtration equipment. This market is expanding considerably, and the demand for clean water is likewise growing. Amiad is listed on the London Stock Exchange's AIM market. Atorka has sold Icepharma and Parlogis. Magnús Jónsson, CEO of Atorka: "The year has begun very well for Atorka Group, and the Company is developing in line with the emphases of the past several quarters. Changes in our investment policy have begun to bear fruit, and our investment projects have performed well. We foresee substantial growth at Jardboranir, and in June the company will receive a new drill that will be included in operations during the latter half of the year. Promens has begun the year well, emphasising internal integration in order to build the foundation for further growth. Atorka now has representatives on the Boards of InterBulk and Clyde Process Solutions and will actively promote the continued growth of those companies." Further information can be obtained from: Magnús Jónsson Chief Executive Officer, tel: +354 840 6240 Valdís Arnardóttir PR & Communication Manager, tel: +354 840 6217 Atorka Group's interim financial statements can be found on the Company's website: www.atorka.is. About Atorka Group Atorka is an investment company that supports progressive enterprises that take advantage of worldwide developments, assisting those companies in becoming global leaders. In its investments, Atorka seeks out companies that have sound operations and strong management and possess the potential for substantial internal and external growth. The Company targets projects with considerable potential for growth and value enhancement, aiming at investments for periods of 3-5 years.