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Kaupthing Säljer Huvuddelen Av Sitt Innehav I Stodir

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Kaupthing Säljer Huvuddelen Av Sitt Innehav I Stodir Pressmeddelande Reykjavik, 5 december 2002 Kaupthing säljer huvuddelen av sitt innehav i Stodir Kaupthing Bank har tecknat avtal om att sälja 20% av aktierna i fastighetsbolaget Stodir till Baugur Group hf. Försäljningspriset är 1,4 miljarder isländska kronor, vilket motsvarar ca 145 miljoner svenska kronor. Kaupthing Bank blev ägare till 29,6% av kapitalet i det isländska fastighetsbolaget Stodir när det gick samman med Thyrping hf sommaren 2002. Samtidigt erhöll Kaupthing en köpoption på ytterligare 11,8% av det sammanslagna bolaget. Kaupthing säljer nu 20% av kapitalet i företaget, och får en säljoption som löper två år på resterande innehav, till detaljhandelsgruppen Baugur Group. Fastighetsbolaget Stodir var Kaupthing Banks största innehav. Fastighetsbolaget Stodir är det överlägset största fastighetsbolaget på Island och dess största fastigheter är: Kringlan Shopping Mall, Hotel Loftleidir, Hotel Esja, Holtagardar, Spöngin, Höfdaborg Borgartún 21, merparten av stormarknadskedjan 10-11s anläggningar, Baugurs lager och huvudkontor, Kaupthings och SPRONs lokaler. Stodirs fastigheter omfattar sammanlagt 170 000 kvadratmeter och företagets totala tillgångar värderas till 22 miljarder isländska kronor, motsvarande ca 2,3 miljarder svenska kronor. ”Vi på Kaupthing Bank är mycket nöjda med denna försäljning. Sammanslagningen av Stodir och Thyrping visade sig vara en framgång som väsentligt har ökat värdet av bolaget. Försäljningen överstämmer med vår policy att investera i intressanta företag, delta i sammanslagningar och transformera företagen, och därefter sälja dem när möjligheten uppstår”, säger Hreidar Már Sigurdsson, vice VD för Kaupthing Bank. För mer information kontakta: Hreidar Már Sigurdsson, Vice VD Tel: +354 860-1777 Gudrun Inga Ingolfsdottir, Investor Relations Tel. +354 860-1552 Kaupthing Bank Armuli 13 108 Reykjavik Iceland Tel: +354 515 1500 Fax: +354 515 1509 www.kaupthing.net Reykjavik, 5 December 2002 Press release Kaupthing Bank sells majority of its stake in Real Estate Company Stodir. Kaupthing Bank has signed an agreement on the sale of one fifth of the total share capital in Real Estate Company Stodir to Baugur Group hf. The sale price is ISK 1.4 billion. Kaupthing Bank became the owner of 29.6% of the share capital in Real Estate Company Stodir when it merged with Thyrping hf. last summer. At the same time the bank secured a call option on 11.8% of the share capital in the merged company. The bank is now selling 20% of the total share capital in the company and has secured a put option on the remaining share to Baugur Group hf. in two years’ time. Real Estate Company Stodir was Kaupthing Bank’s largest unlisted holding. Real Estate Company Stodir is by far the largest real estate company in Iceland and its main properties are: Kringlan Shopping Mall, Hotel Loftleidir, Hotel Esja, Holtagardar, Spöngin, Höfdaborg Borgartún 21, the majority of the premises for the 10-11 supermarket chain, the warehouses and headquarters of Baugur, the premises of Kaupthing Bank and SPRON. Stodir’s properties cover a total of 170,000 square metres and the company’s total assets are valued at ISK 22 billion. Hreidar Már Sigurdsson, Deputy CEO of Kaupthing Bank, commented: “We at Kaupthing Bank are satisfied with this sale. The merger of Real Estate Company Stodir and Thyrping proved to be a success and greatly increased the value of the company. This sale conforms to our policy of investing in interesting companies, taking part in mergers and transforming the companies, and then reselling them when the opportunity arises.” For further information please contact: Hreidar Már Sigurdsson, Deputy CEO Tel: +354 515-1500, +354 860 1777 Gudrun Inga Ingolfsdottir, Investor Relations Tel. +354 515-1552, +354 860 1552 Kaupthing Bank Armuli 13 108 Reykjavik Iceland Tel: +354 515 1500 Fax: +354 515 1509 www.kaupthing.net .
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