The Board of Exista has today 10 October 2008 decided to sell all shares in Bakkavör Group hf, a total of 855,151,478 shares representing 39.629% of the total share capital, to ELL 182 ehf. The price is ISK 9.79 per share which is the last closing price of Bakkavör Group 8 October. Following the transaction, Exista and its affiliates do not own any shares in Bakkavör Group. The transaction is subject to creditors´ approval. The sale contributes to ensure stability in the Group's future operations and ownership.