Atorka Group hf. - Operating results for the first 9 months of 2007

Chief Q3 results of Atorka Group hf.:

Key financial indicators for the Group:

  * Atorka Group's consolidated profit after taxes for the first nine
    months of the year totalled ISK 2.5 billion.
  * Return for the third quarter totalled ISK 2.7 billion.
  * Earnings for the first nine months of the year totalled ISK 53.2
    billion.
  * The Group's total assets at the end of September were ISK 104.7
    billion.
  * Equity was ISK 13 billion at the end of September.

Key financial indicators for the parent company:

  * After-tax profit totalled ISK 6.8 billion for the first nine
    months of the year.
  * After-tax profit totalled ISK 734 million for the third quarter.
  * Total assets at the end of September amounted to ISK 61.4
    billion.
  * Equity totalled ISK 22.9 billion at the end of the period.
  * Annualised return on equity was 39%.
  * The equity ratio is 37%.
  * Earnings per share the first nine months 2,12

Magnús Jónsson, CEO of Atorka:"The Group's earnings for the first nine months of the year were good
despite challenging  market conditions.  Atorka realized  substantial
profit by selling one  of its investment projects.  At the same  time
Atorka invested in a new project, Geysir Green Energy where Atorka is
one of the primary investors with 32% shareholding.  We believe  that
participating in the development of  the company will offer us  great
return on  invested capital.  Geysir  has a  strong position  in  the
development of geothermal energy. Atorka has, to greater extant, been
looking towards investment in Asia, amongst projects are  investments
in the  Health  care  sector and  infrastructure.  Most  recently  we
acquired 10% stake in a company  that is one of leading companies  in
the development  of waste  - water  treatment plants  in China.  With
increased prosperity  China is  expected to  invest significantly  in
improved quality  of  life  and  in  relation  to  that  Atorka  sees
opportunities.  Atorka  has  a  strong  financial  position  and   is
therefore in  a  good position  to  take advantage  of  opportunities
coming along in the near future.

Main events

  * Atorka Group concluded the sale of its entire holding in
    Jardboranir to Geysir Green Energy. The Enterprise Value of the
    sale is ISK 17.7 billion.  Atorka's total gain since the
    beginning of its investment amounts to ISK 11 billion before
    taxes.
  * Atorka became a primary investor in Geysir Green Energy with 32%
    stake. The total purchase price of Atorka's stake in Geysir is
    just over ISK 7 billion.
  * Jardboranir recently made an agreement with Landsvirkjun about
    drilling five research holes next year.
  * Geysir Green Energy purchased Landsvirkjun's share in Enex and
    raised its stake to approximately 72%.
  * Purchase of approximately 24% stake in Shanghai Century
    Acquisition Corp (SHA) which is listed on the AMEX stock market
    in New York. SHA has negotiated a merger with Chinese generic
    pharmaceutical company Kelun Pharmaceutical, pending on approval
    from the Chinese Competition and Fair Trade Authority. The
    Chinese pharmaceutical market is rapidly growing with increased
    prosperity and accelerated urbanization.
  * Promens acquired the production unit at STE Packaging Development
    of plastic cosmetic container. Promens opened a new plant in
    Polland and the company is looking into further investments in
    Eastern Europe. In November, Promens consolidated its entire
    operations under one name which reinforces the company's image.
  * Holding in Amiad increased to approximately 22%. Amiad Filtration
    Systems is one of the world's most significant producers of water
    filtration solutions. This market is expanding considerably, and
    the demand for clean water is likewise growing.
  * Atorka invested in the waste-water industry by acquiring about
    10% stake in Asia Environment Holdings (AEH). AEH recently
    concluded the infrastructure of 200.000 m3 water-waste treatment
    plant in China which the company will own and run for the next 20
    years. The company is also involved in the development of
    numerous comparable projects in Asia.
  * Atorka has refinanced big portion of its short-term borrowings,
    totalling ISK 5.5 billion, with new long term loans payable in 2
    years or later. Thus today Atorka has more than five times its
    maturity of next 52 weeks in cash and cash equivalants.



Further information can be obtained from;
Magnús Jónsson,
Chief Executive Officer, tel: +354 540 6200

Valdís Arnardóttir
PR & Communication Manager, tel: +354 840 6217

Q4 Results 2007 and annual financial statements will be published  in
week 8, 2008

About Atorka Group

Atorka is an investment company that supports progressive enterprises
that  take  advantage  of  worldwide  developments,  assisting  those
companies in  becoming global  leaders.  In its  investments,  Atorka
seeks out companies that have sound operations and strong  management
and possess  the  potential  for substantial  internal  and  external
growth. The Company targets projects with considerable potential  for
growth and value  enhancement, aiming at  investments for periods  of
3-5 years.

Atorka Group hf.
Hlíðasmára 1
201 Kópavogur
Sími: 540 6200 - Fax: 540 6220
Netfang: atorka@atorka.is