Eyrir Invest hf. - Company Announcement

Eyrir Invest makes an offer for the Company’s bonds listed on Nasdaq OMX Iceland

Eyrir Invest is making an offer for all bonds in the EYRI 11 1 class according
to the terms of the bonds and aims for the delisting of the bonds. The buyback
will be at par value. 

Eyrir Invest's operations are off to a good start in 2013. The Company's profit
after tax for the first 3 months of 2013 is EUR 21m according to its unaudited
accounts. 

The Board of Directors of Eyrir Invest has decided to further strengthen the
Company's financials and increase its operational flexibility. Today, Eyrir
Invest sold a 3.8% holding in Marel and the proceeds will be used to pay all
financial obligations due in the next two years. Eyrir's equity ratio following
the sale is strong and all obligations are long-term financed. 

Eyrir Invest remains the principal shareholder in Marel with a 29.3% holding,
which is slightly below the takeover threshold for shares listed on Nasdaq OMX
Iceland. 

For further information, please contact;

Arni Oddur Thordarson, CEO

Tel: +354-525-0200

www.eyrir.is



About Eyrir

Eyrir Invest is an international investment company. Eyrir Invest places great
emphasis on participating in the operations and strategic planning of its core
holdings. Eyrir Invest's core holdings are a 29% share in Marel and 17% holding
in Stork TS and Fokker. In addition, Eyrir Invest invests in prominent growth
companies through its venture capital subsidiary, Eyrir Sprotar slhf. Eyrir's
“buy and build” strategy has delivered good returns since the company's
foundation in mid-year 2000. 

Forward-looking statements

Statements in this press release that are not based on historical facts are
forward-looking statements. Although such statements are based on management's
current estimates and expectations, forward-looking statements are inherently
uncertain. We, therefore, caution the reader that there are a variety of
factors that could cause business conditions and results to differ materially
from what is contained in our forward-looking statements, and that we do not
undertake to update any forward-looking statements. All forward-looking
statements are qualified in their entirety by this cautionary statement