Sjá enska frétt: Following the announcement made by Mosaic Fashions on 4 May 2007, the Board can confirm that they have received notification from Baugur Group hf (“Baugur”) on behalf of Newco, a new company to be formed and owned by Baugur and certain investment partners, stating that Newco are still intending to make an offer for Mosaic Fashions hf. at ISK 17.5 per ordinary share and that discussions are still ongoing. The Board will make a further announcement when appropriate. For further information on this announcement please contact Gavin Anderson (Fergus Wylie/Clotilde Gros +44 207 554 1400) Information on Mosaic Fashions hf is available on the company website at www.mosaic-fashions.is or www.mosaic-fashions.co.uk Mosaic Fashions hf is the parent company of eight successful design led fashion brands; Coast, Karen Millen, Oasis, Odille, Principles, Shoe Studio, Warehouse and Whistles. It operates 1853 stores and concessions, mainly in the UK and Ireland, but also in the rest of Europe and the USA. It has 172 franchise stores in 26 countries worldwide, and 52 department store concessions in China through a joint venture. The group employs over 13,000 employees. The company is listed on OMX.