- Offer in connection with previously announced friendly all-cash deal - VANCOUVER, BRITISH COLUMBIA, TORONTO, ONTARIO, June 12, 2007 - The Board of Trustees of Versacold Income Fund (TSX:ICE.UN) (the “Fund” or “Versacold”) and Eimskip Holdings Inc., an indirect, wholly-owned subsidiary of HF. Eimskipafélag Íslands (“Eimskipafélag”), jointly announced today that Eimskipafélag has mailed to unitholders of the Fund a take-over bid circular dated June 12, 2007 and related documents in connection with its previously announced offer (the “Offer”) to acquire all of the outstanding units of the Fund at a purchase price of Cdn. $12.25 per unit in cash. Included in the package mailed to unitholders is the trustees' circular prepared by the Fund's Board of Trustees containing its unanimous recommendation that the Fund's unitholders accept the Offer and tender their units the offer. Unitholders may also obtain a copy of the Offer materials at www.sedar.com. For further information please contact: Eimskipafélag: Baldur Gudnason President and Chief Executive Officer Stefan A. Magnusson, Chief Financial Officer Dogg Hjaltalin Director - Investors Relations HF. Eimskipafélag Íslands Korngordum 2 104 Reykjavik Iceland Telephone: +354-525-7000 Fax: +354-525-7009 Website: www.ei.is Versacold: Brent Sugden President and Chief Executive Officer Roger Dall'Antonia Vice President, Treasury and Investor Relations Versacold Income Fund 2115 Commissioner Street Vancouver, British Columbia, V5L 1A6 Telephone: (604) 255-4656 Fax: (604) 255-4330 Website: www.versacold.com
- Hf. Eimskiptafélag Íslands and Versacold Announce Mailing of Take-Over-Bid Circular
| Source: Hf. Eimskipafélag Íslands