- The Competition Authority makes no intervention on Exista's takeover of Skipti

On 27 March 2008, Exista made a takeover offer for all of Skipti's share
capital. The offer was subject to the approval of competition authorities, if
such approval was required by law. 

Yesterday, on 17 April 2008, the Competition Authority decided that no
intervention was required regarding Exista's acquisition of Skipti's share
capital. The decision can be found on the Competition Authority website,
http://www.samkeppni.is. 

Accordingly, the only condition of Exista's takeover offer has been fulfilled
and each acceptance is binding and irrevocable.