Reykjavík, July 26, 2007. Takeover offer of Novator eignarhaldsfélag ehf. to the shareholders in Actavis Group hf. expired at 4 p.m. on Wednesday 18 July 2007. Following settlement of the offer, Novator eignarhaldsfelag ehf. represents approximately 99.6% of the issued Class A share capital and voting rights in Actavis Group hf. According to the above Actavis Group hf. no longer fulfils the conditions on ownership distribution of share capital stipulated by the rules on issuers of securities issued by the OMX Nordic Exchange Iceland hf. In light of the above the Board of Directors of Actavis Group hf. has sent the board of the OMX Nordic Exchange a request that the Class A shares in Actavis Group hf. be removed from the OMX Nordic Exchange as soon as possible. For further information please contact: Árni Hardarson, by phone +354 550 3300 / +354 840 7462 or by e-mail ahardarson@actavis.com