Exista hf. is a primary insider in Bakkavör Group
hf. by virtue of the Exista B.V. holdings. Exista B.V. is 100% owned by
Exista hf. The board of directors of Exista ehf. includes Lýdur Gudmundsson
and Ágúst Gudmundsson who, by virtue of their positions in Bakkavör Group
hf., are primary insiders in Bakkavör Group hf. The CEOs of Exista hf.,
Erlendur Hjaltason and Sigurdur Valtýsson, are also primary insiders in Bakkavör Group hf.
Before the aforementioned transaction Exista B.V. was the owner of
790.489.416 shares in Bakkavör Group hf.
Vátryggingafélag Íslands is the owner of 32,625,824 shares in Bakkavör Group
hf. and Líftryggingafélag Íslands hf. is the owner of 3,094,176 shares in
Bakkavör Group hf. Exista hf. is the owner of 100% of the share capital of
Vátryggingafélag Íslands hf. and owner of 100% of Líftryggingafélag Íslands
hf. These share totals 35,720,000 shares in Bakkavör Group hf.
Shares owned by primary insiders and financially related parties, other than
the companies mentioned above, were in total 4,294,105, of which 2,000,000
are through forward contracts.