ISK 1,602 million profit after tax in Q1 2007 EBITDA ISK 785 million Profit of continued operations ISK 1,313 million Net foreign exchange difference related to long term liabilities was positive in the amount of ISK 1,282 million Profit from sale of Securitas ISK 439 million after tax Current ratio 1,51 on 31 March 2007 Equity ratio 27% on 31 March 2007 Teymi hf. incurred a profit of ISK 1,602 million in the first quarter of 2007. Revenues in the period amounted to ISK 4,812 million, EBITDA profit ISK 785 million, EBIT profit ISK 382 million, net foreign exchange difference related to long term liabilities was positive in the amount of ISK 1,282 million as regards continued operations and the share in profit of associates amounted to ISK 201 million. The company's shares in Securitas hf. were sold in the quarter, effective as of 1 March 2007. Realized profit amounted to ISK 535 million, ISK 439 million after income tax. Amounts relating to the operations of Securitas hf. in the period 1 January to 28 February 2007 are presented as discontinued operations at the bottom of the income statement as well as the profit from the sale of the company after tax. The period January to March 2007 is the second financial period reported by the company under the name of Teymi hf. Therefore, comparative amounts for the income statement and cash flow are not reported. The amounts presented in this announcement relate to the continued operations of the company unless stated otherwise. This announcement and the presentation of the company's financial results includes pro-forma information from previous quarters, i.e. 1st, 2nd and 3rd quarter of 2006 for comparative purposes as appropriate. Main results: • Sales amounted to ISK 4,812 million increasing by 12,1% from the same period last year (pro-forma). • Net foreign exchange difference related to long term liabilities was positive in the amount of ISK 1,288 million as regards continued operations, or ISK 1,371 million in total. • Earnings before interest, depreciation and tax (EBIDTA) amounted to ISK 785 million. • Earnings before interest and tax (EBIT) amounted to ISK 382 million. • Finance earnings exceeding finance expenses amounted to ISK 730 million. • Share in profit of the associate Hands Holding amounted to ISK 201 million. • Profit before calculated income tax amounted to ISK 1,313 million. • Calculated income tax amounted to ISK 204 million. • Profit of discontinued operations amounted to ISK 493 million. • Profit in the quarter amounted to ISK 1,602 million. • Cash generated by operations amounted to ISK 201 million. • Current ratio was 1,51 on 31 March 2007 • Equity ratio was 27% on 31 March 2007 Árni Pétur Jónsson, CEO „The first quarter of 2007 was quite eventful for Teymi. We sold our shares in Securitas hf. as well as a claim on Hands holding hf. These actions result in a decrease of finance expenses amounting to more than ISK 600 million per annum, which is very important to us, as well as a decrease in interest bearing debts. The company listed new share capital in March for the market value of ISK 4 billion and we were pleased to see the good responses from the market as demand exceed the shares on offer significantly. Operations were successful in the quarter and the group's turnover is in line with our estimations. EBITDA earnings are exceeding projections. Furthermore, the exchange rate of the national currency has had a positive impact in this quarter. Following the sale of assets and the share offering we can now present a much stronger balance sheet which will enable us to improve the company's earnings and seek growth opportunites in line with our current operations.” Interim report of Teymi hf.: See attachment. Presentation A presentation for shareholders, analysts and investors will be held on Tuesday 8 May at the company's offices in Skutuvogur 2, Reykjavik, at 16:30. Árni Pétur Jónsson CEO and Ólafur Þór Jóhannesson CFO will present the company's results in the first quarter of 2007. The presentation will be available at the company's website, www.teymi.is, and OMX website, omxgroup.com/nordicexchange. Financial calendar 2007 • Q2 2007: 31 July 2007 • Q3 2007: 31 October 2007 • Q4 and annual results 2007: 31 January 2008 For further information contact: Árni Pétur Jónsson, CEO Ólafur Þór Jóhannesson, CFO Tel + 354 595-5000.