Transfer of shares from share holder to a wholly owned subsidiary


NBI hf. (Landsbankinn) has informed Marel Food Systems hf. that in the aim of
distinguishing the bank's equity holdings from its main operational focus of
commercial banking in Iceland, an investment company, Horn Fjárfestingarfélag
ehf.,  has been established around its equity holdings. Horn Fjárfestingarfélag
hf. will thereby take over the listed and unlisted equity holdings of NBI hf
which it acquired from Landsbanki Íslands hf. (Old Landsbanki). 

Among the assets that Horn Fjárfestingarfélag ehf. has acquired are the
following shares: 

Name                    Nominal value        Percentage
Marel Food Systems      108,873,565          18,76

Horn Fjárfestingarfélag ehf. is a wholly owned subsidiary of NBI hf.

For further information please contact Mr. Ivar Gudjonsson, Managing Director
of Horn Fjárfestingarfélag ehf., Tel: +354 8206497