Exista hf. - Total number of voting rights and capital

Authorisation to increase share capital exercised

Due to an aquisition of shares in Skipti hf. and with reference to Exista hf.'s
announcement of 19 March 2008, the Board of Directors of Exista has increased
the Group's share capital by 2,813,675,174 shares in accordance with an
authorisation in Article 4 of Exista's Articles of Association. The New Shares
are expected to be admitted to trading on 3 June 2008. The date when the shares
will be admitted to trading will be announced at least one day in advance by
OMX ICE. 

After the share increase the total share capital of Exista will consist of
14,174,767,632 shares of ISK 1 each. All Exista shares carry one vote on
shareholders meetings. 

Please find revised Articles of Association attached.



Enquiries:
Exista hf. 
Sigurdur Nordal
Managing Director 
Group Communications
tel: +354 550 8620
ir@exista.com

About Exista
Exista is a financial services group with operations in the areas of insurance,
asset finance and investments. The company is a leading insurance underwriter
in Iceland, as well as the country's largest provider of asset finance
products. As an international investor, Exista has strategic holdings in
several companies, including Sampo Group, Kaupthing Bank, Bakkavör Group,
Storebrand and Skipti (Iceland Telecom). Exista is listed on the OMX Nordic
Exchange in Iceland, and its shareholders number around 30,000. Information on
Exista hf. can be found on the Group's website: www.exista.com.

Attachments:

exista articles of association may 2008.pdf