- Robert Wessman, CEO of Actavis Group hf., and Sindri Sindrason, Board Member of Actavis Group hf. accept Novator´s offer

| Source: Actavis Group hf. Actavis Group hf. 

Reykjavik, Iceland, June 29, 2007. 
Robert Wessman, CEO of Actavis Group hf., has announced to Novator that the
takeover bid of Novator for all shares in Actavis Group hf. is accepted by
Robert Wessman and related parties.  Total number of shares is 136,732,633 and
all terms and conditions of the Novator bid apply to the acceptance by Robert
Wessman and related parties. 

Sindri Sindrason, Board Member of Actavis Group hf., has announced to Novator
that the takeover bid of Novator for all shares in Actavis Group hf. is
accepted by Sindri Sindrason and related parties.  Total number of shares is
21,658,059 and all terms and conditions of the Novator bid apply to the
acceptance by Sindri Sindrason and related parties. 

The offer price is EUR 1.075 for each share.  Conditions set forth in the offer
are still valid so the sale of the shares has not been effected.