• Dansupport will have operations in Odense, Kolding and a new office in Copenhagen. • Turnover was ISK 340 million in 2006 and the purchase price is approximately ISK 190 million. • Claus Falk, former Managing Director of Eltel Networks A/S will be the Managing Director of Dansupport. Today, Nyherji hf. signed an agreement for the purchase of the company Dansupport A/S in Odense in Denmark. Dansupport is a service company specialising in the installation of computer, communications and telephone systems for medium sized companies. The principal partners of Dansupport are IBM, Avaya, Cisco and Microsoft in Denmark. In recent years, Nyherji has undertaken a large number of projects overseas which have involved the installation of telephone and computer systems. Icelandic employees have performed these projects. Moreover, Nyherji has had two permanently employed employees in Denmark over the past year and these will now be employed by Dansupport A/S. Dansupport A/S, a foundation for further growth. Dansupport's revenue over the past year was approximately ISK 340 million and EBITDA was approximately 9%. The purchase price is ISK 190 million and will be financed in part with borrowed funds and in part with own financing. It is anticipated that the purchase of Dansupport will have a negligible impact on the results of Nyherji in the current year, as emphasis will be placed on its continued growth in Denmark. New office of Dansupport A/S in Copenhagen. Initially, Dansupport began operations in Odense in 1987. The company currently employs around 30 experienced consultants and technicians. Dansupport provides services in the field of technical and operating services for information technology systems, the installation and operation of telephone systems and hosting services. Recently, the company established an office in Kolding to service customers in Jutland. In the near future, an office will be established in Copenhagen where emphasis will be placed on serving customers in Copenhagen and elsewhere in Sjælland. The Managing Director of Dansupport, Kenneth Rossau, will transfer to the position of Technical Managing Director over all the company's offices as of 1 July. Claus Falk, who has, over the past seven years held the position of Managing Director of Eltel Networks Telecom A/S in Copenhagen, will be filling the position of Managing Director. Claus Falk holds a university degree in engineering and business administration from the University of Ålborg and has been employed in the field of information technology since 1990. Rasmus Maahr, furthermore, has been recruited as the Financial Manager of Dansupport. Mr Maahr was formerly the Financial Manager of Eltel Networks Telecom A/S and was employed as an auditor at KPMG in Denmark. Continued growth overseas. The purchase of Dansupport is in line with Nyherji's policy of increasing the Group's operations overseas. In October 2005, Nyherji purchased all the shares in AppliCon A/S, a company specialising in consultancy services and SAP software services. AppliCon companies have subsequently been established in London and Stockholm. In the wake of the purchase, Nyherji Group employees will number approximately 420 and some 110 of them will be working overseas. Further details are available from Thórdur Sverrisson, Managing Director of Nyherji, Phone No. +354 569-7700 or thordur.sverrisson@nyherji.is