The takeover offer submitted by Novator eignarhaldsfelag ehf. to shareholders of Actavis Group hf. expired at 4 p.m. last Wednesday, 18 July 2007. The conditions set forth by Novator eignarhaldsfelag ehf. in the takeover offer have been fulfilled and the offer is hereby declared unconditional on behalf of the offeror. When the offer period expired, Novator had secured promises for share capital amounting to ISK 1,895,316,722 at nominal value, corresponding to 99.66% of the total share capital in Actavis Group hf., inclusive of shares owned by the offeror and its affiliated companies as well as shares held in treasury by Actavis Group hf. Shareholders who accepted the takeover offer will receive payment in cash according to the takeover offer and settlement will take place on Wednesday, 25 July 2007.