Trade ticker: EXISTA Issuer: Exista hf. Date of announcement: 8 December 2008 Name primary insider: BBR ehf. Insider's relation with the issuer: Ágúst Gudmundsson and Lýdur Gudmundsson are owners of BBR and Board Members of Exista Date of transaction: 8 December 2008 Type of financial instrument: Equity Buy or Sell: Buy Number of shares: 50,000,000,000 Price per share: 0.02*see comment Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: 0 Related parties' holdings after the transaction: *see comment Date of settlement*: 0 Comments*: BBR ehf., company owned by Lýdur Gudmundsson and Ágúst Gudmundsson, has today subscribed for 50,000,000,000 new shares in Exista in exchange for 1,000,000,000 shares in Kvakkur ehf. This transaction entails a cash payment of ISK 1.0 billion made to Exista by Ágúst and Lýdur Gudmundsson, former owners of Kvakkur ehf. Companies financially related to Lýdur Gudmundsson and Ágúst Gudmundsson hold 56,407,905,675 shares in Exista, or 87.9% of total share capital.