Promens has today acquired the productive unit at STE Packaging Development off plastic cosmetic container. (the “Business”) STE is located in the municipality of Esparraguera, close to Barcelona. The Business which has annual sales in the region of €3.8million with 33 employees specializes in the development, manufacturing and distribution of thick-walled cosmetics pots, jars and components with high decoration capability to their global customer base. The Business complements the existing cosmetics packaging range of Polimoon. The purchase price is confidencial and the acquisition is financed with cash. STE will be a part of the Packaging division at Promens Group in Southern Europe. “The acquisition of STE fits well with our strategy of growth within key segments of Consumer Packaging, such as beauty, as well as providing a foothold in Spain for future growth with our blue chip customer base” - says Ragnhildur Geirsdottir, President and CEO of Promens. About Promens hf. Promens is a leading global plastics manufacturer operating 64 manufacturing facilities and 6.000 employs. The company manufactures a wide range of products, including packaging for food, cosmetics, chemicals and pharmaceuticals. It also serves multiple industries such as food processing, chemical and medical industries, as well as the automotive, heavy machinery and electronic industries. In 2007 the total revenues of Promens are expected in excess of 710 million Euros. The largest shareholders in Promens are the investment company, Atorka Group (www.atorka.com), and Landsbanki (www.landsbanki.com). About Atorka Group. Atorka Group is a progressive investment company that is listed on the OMX Nordic Exchange in Iceland and is included in the ICEX-15 index. Atorka invests in companies on global growth markets and supports both internal and external growth. In its investments, Atorka emphasises on companies that are characterised by solid operations and strong cash flow, strong management, promising conditions for internal and external growth, and opportunities for value enhancement. For more information contact: Ragnhildur Geirsdottir, President & CEO, Promens E-mail: rgeirsdottir@promens.is Tel: +354 580 5550 Adrian Platt, CFO Promens E-mail: adrian.platt@polimoon.com Tel: +47 22 01 79 00