Eyrir Invest ehf. - Company Announcement

Eyris sells all its shares in Ossur

Eyrir Invest has sold all its shares in Ossur hf. at ISK 193 equivalent to DKK
8.75 per share. Eyrir held 46.5 million shares in Ossur, equivalent to 10.2% of
total outstanding shares in Ossur. The purpose of the transaction is to further
increase Eyrir´s financial strength and flexibility in operations that enables
Eyrir to pursue and lead new investment opportunities. 

Arni Oddur Thordarson, CEO of Eyrir Invest:

“Eyrir has been a shareholder in Ossur since 2004, holding 20-25% of
outstanding shares for the majority of that period, and has actively supported
the company's growth strategy. Our investment in Ossur has been successful,
during those seven years revenues have tripled and profitability increased.
Ossur is now a global market and technological leader within its field. The
management and employees of Ossur deserve high praise for their achievements
and we remain optimistic for the future prospects of Ossur. 

Eyrir Invest´s financial position is sound and we are exploring new and
exciting investment opportunities were Eyrir becomes a principal shareholder,
as well as our operating entities are actively expanding globally through
organic and external growth.” 

Eyrir Invest´s financial position is sound. At year end 2010 equity amounted to
187 million EUR and the equity ratio was 44%.   In addition, unrealized gain on
listed shares is significantly higher than book value.   Eyrir Invest is a long
term strategic investor with the strategy of supporting global industrial
companies and venture investments for growth. Eyrir Invest's key holdings are
the industrial companies Marel, Fokker Technologies and Stork Technical
Services as well as smaller investments in various ventures and start ups.