Exista hf. gives today an update on the Group's funding and liquidity position at the end of 2007. On 31 December 2007, Exista had committed liquidity that covered refinancing needs for 50 weeks, and 42 weeks if Exista's full commitment of 35 million shares in Kaupthing Bank's rights issue is included. Committed liquidity includes cash and cash equivalent, committed credit lines and high grade repo-eligible securities. Not included in those calculations are other liquid assets, estimated cash generation from insurance and asset finance activities, nor proposed dividends from holdings such as Sampo Group, Kaupthing Bank, Bakkavör Group and Storebrand. Refinancing need for the year 2008 amounts to a total of EUR 1.2 billion, weighted towards the latter part of the year. Exista raised a total of EUR 4.3 billion in debt during the course of 2007 and has systematically expanded and diversified funding sources. Over 70% of the Group's total borrowings are originated from international markets. Exista will publish its annual accounts for 2007 on 31 January which will include a further update of the Group's funding and liquidity position. Enquiries: Exista hf. Sigurdur Nordal Managing Director Group Communications ir@exista.com +354 550 8620 / +354 860 8620 About Exista Exista is a financial services group with operations in the areas of insurance, asset finance and investments. The company is a leading insurance underwriter in Iceland, as well as being the country's largest provider of asset finance products. As an international investor, Exista has strategic holdings in several companies, including Sampo Group, Kaupthing Bank, Bakkavör Group, and Skipti (Iceland Telecom). Exista is listed on the OMX Nordic Exchange in Iceland and its shareholders number around 30 thousand. Information on Exista can be found on the group's website: www.exista.com