Exista is surprised by the December 20 decision by the NASDAQ OMX Exchange in Iceland as the decision utterly ignores the Company's arguments in this matter. According to the Exchange's decision, Exista was to initiate a registration process for new shares in a class that the Exchange had previously agreed to remove from trading and for which an Exista shareholders' meeting had requested the immediate delisting. It is difficult to see how such a registration process would have served the interests of investors and shareholders. Furthermore, Exista has made an effort to disclose the Company's uncertain situation to investors insofar as is possible, without issuing untimely estimates and conjectures about the conceivable outcome of discussions in which the Company is currently engaged with dozens of domestic and foreign financial institutions. Exista is convinced that, in so doing, it has fulfilled its obligation to engage in responsible disclosure of information to investors. Therefore, Exista disagrees with the Exchange's decision but does not wish to make further statements about it at this time.