Announcement to the OMX Nordic Exchange

Reykjavik, September 25th 2008 

Eyrir Invest repurchases it‘s bond issue EYRI0109

Eyrir Invest has repurchased all outstanding bonds, EYRI0109, nominal value 2.000 million ISK. Interest on this bond issue is 15.5% from the initial date, the 24th of January 2007. Maturity date is the 23rd of January 2009. The bonds are repurcased at 18.6% yield to maturity. The company will apply for delisting of the bonds. 

Eyrir Invest has two other listed bond issues on the OMX Nordic Exchange; EYRI 07 2 with final maturity in August 2009 and EYRI 05 1 with final maturity in May 2012. The company will continue to puplish it´s accounts officially according to the OMX Exchange rules.

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