offer submitted by Skoun
ehf., a subsidiary of Dagsbr˙n hf., to shareholders in K÷gun hf. expired at 4:00 p.m. Tuesday 16 May 2006. The shares owned
by Skoun ehf. after the expiration of the takeover offer, amount to ISK at nominal value, corresponding to á190.396.654 % of the total share capital in K÷gun.
Shareholders who accepted the takeover
offer will receive payment in cash on Tuesday 23 May
K÷gun does no longer
fulfil the listing requirements of the Icelandic Stock
Exchange due to limited ownership distribution. The Board of Directors of K÷gun will therefore request a de-listing of the company from
the Icelandic Stock Exchange.
For further information,
please contact Dˇra Sif Tynes tel: + 354 669 5512.