- Eyrir Invest participates in indended reckomended cash offer for all shares in Stork N.V.

Eyrir Invest supports further growth of Marel Food Systems in conjuction with
intended takeover of Stork Food Systems 

•  Eyrir Invest ehf. invests for 103,75 million Euros in London Acquisition B.V
   that equals close to 15% holding.  London Acquisition B.V. a holding company
   controlled by a consortium of funds managed and advised by, or affiliated
   with, Candover, Landsbanki Islands and Eyrir Invest, intends to make a
   recommended cash offer of EUR 48,40 per ordinary share in Stork N.V. which  
   represents a total value of EUR 1.7 billion, on a debt and cash free basis. 
   The financing of the acquisition is fully secured and will be financed by
   equity and long-term borrowings. 

•  LME holding has underwritten an irrevocable commitment to sell all it´s
   shares in Stork N.V. at the shareprice EUR 48,40.  LME holds 43% of
   outstanding shares in Stork N.V. at total  value of 659 million Euros. 
   Eyrir Invest owns 40% in LME holding. 

•  As an integral and inseparable part of the Intended Offer, Stork N.V. has
   sold its Food Systems division to Marel Food Systems hf (“Marel”) for a
   purchase price of 415 million Euros on a cash and debt free basis.  Financing
   of Marel´s intended acquisition is fully secured by equity issue and long
   term debt financing (5-9 years).  Eyrir Invest co-underwrites with
   Landsbanki an equity issue by Marel to support the intended acquisition of
   Stork Food Systems.  Total planned equtiy issue by Marel is close to 150
   million  Euros and majority will be sold to Marel´s shareholders  by
   pre-emptive rights close to market price. 

•  Eyrir Invest is a principal shareholder in Marel and has pre-emptive rights
   according to present share in Marel.  Eyrir Invest has committed itself for
   up to 40% of the new issue or close to 60 million Euros. 


Arni Oddur Thordarson, CEO: 
“Our “buy and build” strategy has proven to be succesful.  After this
transaction and further purchase of equity in Marel Food Systems Eyrir Invest
remains financially sound, with strong equity ratio and a good cash position
that enables us to support further growth of our portfolio companies.  Our
assets are well diversified and well positioned in various growth industries. 
Our companies have strong cash flow and enjoy good earnings irrespective of
business cycles.” 

Financial strength of Eyrir Invest
Eyrir Invest in finacially strong with an equity ratio between 40-50% which is
in accordance with its strategy.   Eyrir Invest also has a strong cash
position.  The company has no off-balance sheet equity forward contracts, all
assets are financed within the Balance Sheet. At end of H1 total assets where
close to 420 million Euros.  In H2 2007 the Balance Sheet has been further
strengthened. 

•  Previously annunced equity issue of 5.5 billion ISK was fully paid in on 1
   September 2007 
•  Eyrir Invest has further secured long-term financing through domestic and
   international banks and thus extened the average  maturity of debt to close
   to four years. 
•  Since publication of H1 result Eyrir Invest has issued new bonds amounting to
   ISK 5.4 billion with maturity 2009 listed on the OMX Exchange Reykjavík. 
   Total outstanding bonds listed on OMX amount to ISK 8.4 billion with final
   maturity 2009 and 2012. 

 
Eyrir Invest
Eyrir Invest is an international investment company where the main emphasis is
on investments in listed companies in Europe.  Eyrir Invest's mission is to
increase shareholders' value by active ownership and trading of equities and
other securities. Eyrir Invest places great emphasis on participating in
operations and strategic planning of the business it invests in. Eyrir Invest
was founded in mid-year 2000 and has a proven track record.  Eyrir Invest
maintains a target of 20% annual return on equity and the "buy and build"
strategy has increased shareholders value well above that target since the
foundation of the company. 

Marel Food Systems, Össur and Stork N.V.
Eyrir Invests core holdings are Marel Food Systems, Össur and Stork N.V.  Marel
Food Systems is a leading producer of hi-tech food processing systems for the
global market. It designs, manufactures and markets a wide range of machines
and systems for most sectors of the food processing industry through its four
operating companies which complement each other and operate on a global basis. 
Össur is a global orthopaedics company, specializing in the design and
manufacturing of prosthetics and bracing and support products.  Marel and Össur
are both listed on OMX Nordic Exchange Reykjavik.  Stork N.V. is a Dutch
industrial conglomerate which operates in aerospace, technical services and
food processing systems.  Stork N.V. is listed on Amsterdam Euronext Exchange. 


Candover
Candover is a leading provider of private equity for large European buyouts. 
Founded in 1980, Candover has invested in 133 transactions with a value close
to 40billion Euros. 

For more information see www.eyrir.is, www.marel.is, www.stork.com and
www.condover.com