Eyrir Invest ehf. - Company Announcement

Eyrir Invest increases equity and extends maturity of financing

Today the Board of Directors of Eyrir Invest hf. decided to issue a new B-class
of share capital.  Total value of the new issue is 2.8 billion ISK (approx. EUR
16 m).  Parallel to the new issue of shares Eyrir secured extended maturity of
borrowings for the majority of its existing long-term loans through an
agreement with current banking partners.  After the agreement 85% of the
Company´s borrowings are long term with repayment in 2015-2018. 

Arni Oddur Thordarson, CEO:

“We are pleased to welcome new shareholders to Eyrir and as well are we
grateful for the trust extended to us by our banking partners“ 

Eyrir´s EGM authorized issuance of up to 231.000.000 B class shares as stated
in an announcement to Nasdaq OMX Iceland on 21 December 2012.  Today the Board
of Directors of Eyrir decided to issue 107.630.769 B class shares.  The agreed
subscription price is ISK 26 per share, total subscription of the new shares
amounts to ISK 2.798.999.994.   B class shares carry no voting rights but have
priority to dividends.  B class shares are convertible to A-class shares at any
time.   Total issued A class shares are 1.108.681.220, thereof 100.000.000
treasury shares. 

Arctica Finance acted as advisor in relating to the Company´s share increase. 
The new shareholders are pension funds and institutional investors. 

 About Eyrir Invest

Eyrir Invest is an international investment company that focuses on investments
in industrial companies that have the potential to become true global leaders.
Eyrir places great emphasis on aligning execution with good long-term strategic
planning. Eyrir´s core assets are a 33% holding in Marel, 17% holding in Fokker
Technologies and 17% holding in Stork Technical Services. As well invests Eyrir
in prominent ventures. Eyrir´s “Buy and Build“ strategy has a proven track
record as shareholder value has increased well above market returns since
foundation.