Shares in Jarðboranir hf. offered for sale

11.08.2011

Miðengi ehf., the owner of Jarðboranir hf. (Iceland Drilling Ltd.), has mandated Íslandsbanki Corporate Finance (ISB CF) to manage a formal process for the sale of up to 100% of the share capital in Jarðboranir hf., which is a leading company within high temperature geothermal drilling.

The sales process is open to every investor that can be defined as a professional client according to the Act on Securities Transactions No. 108/2007 as well as investors with sufficient knowledge and experience with an investment capacity exceeding ISK 500 million. The seller reserves the right to limit the access to the sales process, e.g. when legal limitations prevent the investor from owning a controlling stake in the company due to competition rules.

Interested investors can contact ISB CF by phone +354 440 4000 or by emailing id2011@islandsbanki.is. Interested investors will need to sign a non-disclosure agreement and provide information that confirms the fulfilment of the above conditions. Investors will subsequently receive further information regarding the sales process, timeline and the operations of the company.

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