Eyrir Invest ehf. - Financial Statement Release

2007

Equity increases by 51% in 2007 due to retained earnings and new equity issue
An eventful year with great transformation of Marel, Össur and Stork.


Eyrir Invest's profit for the year 2007 is ISK 797 m that equals 5.7% return on
equity.   Book value per share has increased annually by 49.9% from Eyris
Invest foundation in mid-year 2000 compared to a negative 3.1% average
annualized return of MSCI world index, both numbers measured in Euros. 

Eyrir Invest issued new shares in 2007 for ISK 5,382 million and financially
sound investors have joined the company.  Equity at year end is ISK 18,133 m
(EUR 198 m) compared to ISK 11,995 m at the beginning of the year.  Thordur
Magnússon (Chairman) and Arni Oddur Thordarson (CEO) remain principal
shareholders with 51% of total outstanding shares. 

•  Equity ratio at year end is 39%, deferred taxes 4% of total assets and high
   cash  position 

•  All assets are booked at market value and no off-balance sheet equity
   contracts 

•  Average maturity of debts is close to 4 years and has been further extended
   in the beginning of 2008 

Eyrir Invest in co-operation with Landsbanki and Candover made a recommended
cash offer through it's subsidiary London Acquisition B.V. for all outstanding
shares in the Netherland based conglomerate Stork N.V.  The offer was declared
unconditional on 17th of January 2008.  Total value of the transaction is 1.7
billion Euros.  Simultaneously LME, previously founded by Eyrir Invest,
Landsbanki and Marel, sold all of it's 43% stake in Stork N.V. that was
accumulated gradually during the past two years. 

As an integral part of the Stork N.V. transaction, Marel Food Systems entered
into an agreement to acquire its long term industrial partner Stork Food
Systems for EUR 415 m on a debt and cash-free basis.  The acquisition is
subject to antitrust authority approval that is expected to be cleared in 1H
2008.  The financing of the acquisition is fully secured and will be equally
financed by equity offering and long term debts. Eyrir Invest is committed to
full proportional participation in a planned pre-emptive share offering of
Marel Food Systems. 

•  Leverage of Eyrir Invest was significantly decreased on 17th of January 2008
   by sale of Stork shares 

•  Proceeds of Stork shares partly re-invested in London Acquisition and the
   planned pre-emptive equity increase of Marel Food Systems

Priedai:

2007 annoucement - english.doc

eyrir invest ehf ifrs ársreikningur 2007.pdf