- Novator extends the validity of its take-over offer for Actavis Group hf.

Novator eignarhaldsfélag ehf. has decided to extend its take-over offer for
shares in Actavis Group hf. The take-over offer is now valid until 16:00
Wednesday 18 July 2007. 
 
Considering how well shareholders in Actavis Group hf. have responded to
Novator's take-over offer for Actavis and how near Novator is to its goal of
90% acceptances, the take-over offer is extended to allow shareholders a longer
period to accept the offer due to the holiday season. 
 
An extension of the offer period has no effect on those who have already
accepted the offer and therefore those shareholders who have already rendered
their acceptance do not need to take any further action. 
 
An extension of the offer period does not entail amendments to Novator's
take-over offer for Actavis Group hf. Settlement under the offer is extended
simultaneously until 23 July 2007