Reykjavik, Iceland, 4 July 2006 - Actavis Group (ICEX: ACT), the
international generic pharmaceuticals company, announces that, in accordance
with Article 5, Paragraph 2 of the Law on Takeover of Joint Stock Companies
(Official Gazette No
Nyherji hf. has today
entered into stock option contracts with several of the company’s primary
contracts entitle each party to purchase 1,000,000 shares in Nyherji at the
price of 14.0 times nominal.The contracts shall remain in effect for 52 months.