Alfesca hf. - Notice to convene extr.general meeting

- Shareholders' meeting to be held Wednesday 12 August 2009

At the request of Rekstrarfélag Nýja Kaupþings banka hf. (on behalf of
Kaupthing ÍS-5, Kaupþing ÍS-15 and ICEQ verðbréfasjóður), Gildi lífeyrissjóður,
Sameinaði lífeyrissjóðurinn and Stafir lífeyrissjóður, the board of Alfesca hf.
convenes a shareholders' meeting at Hilton Reykjavik Nordica, on Wednesday 12
August 2009 at 17:00. 

The agenda of the meeting includes the following items of business:

1. Lur Berri Iceland ehf.'s takeover bid to shareholders of Alfesca hf., dated
25 June 2009, the delisting of the shares of Alfesca hf. from the main market
of NASDAQ OMX Iceland hf., and a discussion on valuations of the shares of
Alfesca hf. 

2. Any other business lawfully presented.

The meeting will be held in English.

Proposals requested by the shareholders to be taken for consideration at a
shareholders´ meeting have to be delivered to the company´s board of directors
at the latest 7 days before the meeting. 

All materials will be available to shareholders at the company's registered
office one week prior to the meeting. 

The final agenda of the meeting will be published on Alfesca hf.'s website,
http://www.alfesca.is, and available for shareholders at the company's offices
at Kringlan 7, 103 Reykjavík, one week prior to the meeting. 

31 July 2009
The Board of Directors
Alfesca hf.