Eyrir Invest ehf. - Company Announcement

- Eyrir Invest repurchases it‘s bond issue EYRI0109

Eyrir Invest has repurchased all outstanding bonds, EYRI0109, nominal value
2.000 million ISK.  Interest on this bond issue is 15.5% from the initial date,
the 24th of January 2007.  Maturity date is the 23rd of January 2009.  The
bonds are repurcased at 18.6% yield to maturity.  The company will apply for
delisting of the bonds. 

Eyrir Invest has two other listed bond issues on the OMX Nordic Exchange; EYRI
07 2 with final maturity in August 2009 and EYRI 05 1 with final maturity in
May 2012.   The company will continue to puplish it´s accounts officially
according to the OMX Exchange rules.