365 hf. has finished refinancing its debts. It has paid up one year non-indexed bonds amount of 2.000 million kr. with 17% interest. Majority of the sale of the company's stake in Hands Holding amount of 1.500 million kr. was among other things used to pay down above-mentioned non-indexed bonds with reference to announcement from 10th of May 2007. At the same time 365 hf. went into financing agreement with Landsbanki Íslands amount of 3.300 million kr. and paid up former liabilities with the bank. The effect of these action is expected to reduce yearly interest payments about 220 million kr. Interest bearing debts after the refinancing will be about 7.000 million kr. Viðar Þorkelsson CFO; Refinancing of debt now is according to the strategy of reducing the leverage of the company next 12 to 24 months. The interest- and loan terms are thus that it will strengthen the business for the future.