365 hf.‘s offer of buying shares in 365 hf. from shareholders that so request on purchase price of 1.20 ISK expired today, 11th of July 2008, at 4 pm. Shareholders representing 7% of the total share capital, approximately 165 shareholders , accepted the offer. Shareholders representing 93% of the total share capital will therefore remain shareholders in 365 hf. following the de-listing. Straumur Investment Bank will arrange payment to shareholders that accepted the offer before 1st of August 2008. Further information: Hildur Sverrisdóttir Compliance Officer tel. + 354 849-2491 hildurs@365.is