Exista hf. - Managers' transactions

CORRECTION: - date of transaction 8 December 2008

Trade ticker:
EXISTA	Issuer:
Exista hf.

Date of announcement:
8 December 2008

Name primary insider:
BBR ehf.

Insider's relation with the issuer:
Ágúst Gudmundsson and Lýdur Gudmundsson are owners of BBR and Board Members of
Exista 

Date of transaction:
8 December 2008

Type of financial instrument:
Equity

Buy or Sell:
Buy

Number of shares:
50,000,000,000

Price per share:
0.02*see comment

Primary insider's holdings after the transaction:
0 

Primary insider's option holdings after the transaction:
0 

Related parties' holdings after the transaction:
*see comment

Date of settlement*:
0 

Comments*:
BBR ehf., company owned by Lýdur Gudmundsson and Ágúst Gudmundsson, has today
subscribed for 50,000,000,000 new shares in Exista in exchange for
1,000,000,000 shares in Kvakkur ehf. 
This transaction entails a cash payment of ISK 1.0 billion made to Exista by
Ágúst and Lýdur Gudmundsson, former owners of Kvakkur ehf. 

Companies financially related to Lýdur Gudmundsson and Ágúst Gudmundsson hold
56,407,905,675 shares in Exista, or 87.9% of total share capital.