Correction to information on shareholding in announcement on the result of Lur Berri Iceland ehf.'s bid to shareholders of Alfesca In an announcement dated 18 August 2009 on the result of a takeover bid, the shareholding of the Offeror was overstated by 30 shares. Lur Berri Iceland has secured a total of 1,525,648,531 shares in Alfesca hf. (and not 1,525,648,561 shares as wrongly stated). Otherwise this correction has no effect on the information contained in the announcement. Below is the correct version of the announcement. __________________________ Result of Lur Berri Iceland ehf.'s bid to shareholders of Alfesca hf. Lur Berri Iceland ehf.'s takeover bid to the shareholders of Alfesca hf. (the "Company") which commenced on 2 July 2009 expired on 17 August 2009. The takeover bid was accepted by owners of 1,354,276,604 shares in Alfesca hf., which represents 23.04% of the issued share capital of the Company. Lur Berri Iceland ehf. has therefore secured a total of 1,525,648,531 shares in Alfesca, representing 25.96% of the issued share capital of the Company, as it held 171,371,927 shares or 2.92% of the issued share capital of the Company at the launch of the bid. Prior to the bid the Consortium, consisting of Lur Berri Holding SAS (the parent company of Lur Berri Iceland ehf.), Kjalar Invest B.V., Alta Food Holding B.V., Kaupthing Singer & Friedlander Ltd. (in administration) and certain members of Alfesca hf.'s management, held 68.30% of the issued share capital of the Company. As a result of the bid, the Consortium has secured 91.34% of the issued share capital of Alfesca hf. and will hold corresponding voting rights when the takeover bid has been settled. Shareholders who accepted the bid will be paid the purchase price no later than on 24 August 2009 in accordance with the terms of the bid and Lur Berri Iceland ehf. will at the same time receive the assigned shares. As a result of the Consortium holding more than 90% of the issued share capital and controlling more than 90% of the voting rights in Alfesca hf., Lur Berri Iceland ehf. now intends to propose to the board of directors of the Company that shares owned by outstanding Alfesca hf. shareholders be redeemed in accordance with Art. 110 of the Securities Act no. 108/2007. Furthermore, as stated in the Offer Document dated 25 June 2009, the Consortium will now take the requisite steps in order for Alfesca hf.'s shares to be removed from trading on the main market of the NASDAQ OMX Iceland.
- Correction: - Result of Lur Berri Iceland ehf.'s bid to shareholders of Alfesca hf.
| Source: Alfesca hf.