The SPRON Fund ses. intends to sell a maximum of 4.8% of shares in SPRON hf. in connection with the IPO of SPRON hf.

The Board of Directors of The SPRON Fund ses. has agreed to sell a maximum of
4.8% of shares in SPRON hf. on the 23 October, when trading begins with shares
in SPRON hf.  The purpose of the sale is to support the effective price
formation of SPRON on the market.  When and if the fund has sold 60% of the
intended amount or at the latest at 2 p.m. on the first day of trading two
market makers have an option to buy from the fund shares in SPRON for the
amount of ISK 300 million at the weighted average price of those shares that
the fund has sold up to that point. 

When and if the fund has sold shares in SPRON, the sale will be reported as
soon as the sale is completed or at the latest by the end of the day. 

The SPRON Fund ses. is an insider in SPRON hf. No insider information is
present after the disclosure of the company's eight-month interim results on 17
October 2007. 

About the SPRON Fund ses.
The SPRON Fund ses. is the largest shareholder in SPRON hf. and now holds 15%
of shares in SPRON hf. It is not the general intention of the fund to influence
the management of SPRON hf. and the long-term goal of the fund is that its
share in SPRON hf. does not exceed 5%. 

For further information please contact: 

Jóna Ann Pétursdóttir
Managing Director of the SPRON Fund ses.
Tel: +354 550 1771