- Results of voluntary conditional tender offer for all shares in KEOPS A/S

On 29 June 2007 Fasteignafélagið Stoðir hf. (”Stoðir”) published its decision
to submit a conditional voluntary tender offer (the ”Tender Offer”) to all
shareholders in Keops A/S (”Keops”). On 27 July 2007 the offer document was
published. 

The Tender Offer expired on 31 August 2007 at 20.00 CET and at this time Stoðir
had received valid acceptances for a total of 176,053,918 Keops shares each
with a nominal value of DKK 1, equivalent of 96.72% of the shares and voting
rights in Keops (including Keops' own shares and including share options). 

The received valid acceptances can be divided into 53,119,741 Keops shares
(30.2%) for which cash payment has been elected and 122,934,177 Keops shares
(69.8%) for which new Stoðir shares have been elected as payment. A total of
2,364,195,277 new Stoðir shares will be issued to the more than 350 Keops
shareholders who have elected new Stoðir shares as payment. 

Stoðir regards all conditions in the Tender Offer to have been met and confirms
that it will complete the Tender Offer. Settlement is expected to take place on
6 September through VP Securities Services. 

Stoðir intends to initiate a compulsory redemption procedure with the intention
to acquire all remaining Keops shares, and Stoðir will within a few days
request Keops' Board of Directors to call for an extraordinary general assembly
i.a. with intention to receive authorisation from the shareholders to initiate
the delisting procedure for shares issued by Keops from the OMX Nordic Exchange
Copenhagen. 


Fasteignafélagið Stoðir hf.

For additional information please contact:
Skarphéðinn B. Steinarsson, CEO
Telephone +354-660-0063
Fasteignafélagið Stoðir hf.
Kringlan 4-12
103 Reykjavik
Iceland