Following Promens' acquisition of Polimoon in December 2006 refinancing of the bank facilities in Polimoon as well as financing related to the acquisition itself has been completed. The financing also includes a facility to support further acquisitions by Polimoon. As a part of Promens' acquisition of Polimoon in December, refinancing of Polimoon's bank facilities has now been completed. The total facilities are arranged by DnB NOR as syndicated bank facilities, and committed by a group of relationship banks, including DnB NOR, Nordea and LBNord. The total syndicated facilities correspond to a EUR 275 million loan, including term loan, working capital facility, acquisition facility as well as facilities related to Promens' acquisition of Polimoon. The refinancing, which is led by DnB NOR, is built on the long relationship Polimoon has had with DnB NOR which has been Polimoon's main bank for several years and has supported Polimoon's extensive growth through acquisitions. Part of the bank facilities is an undrawn EUR 30 million acquisition facility that can be utilized in the next 5 years. The acquisition facility will make it possible for Polimoon to continue to grow through acquisitions. In the last two years Polimoon has acquired 12 businesses, and growth through acquisitions has been one of the key factors in ensuring that Polimoon has developed into a company with a strong and well-established position in rigid plastic packaging and components to the automotive industry. "I am pleased to find such strong support from those very well-known financial institutions, and to have completed funding which will give us the opportunity to continue the buy-and-build strategy that Polimoon's management team has successfully developed," says Ragnhildur Geirsdóttir, President & CEO of Promens. "This will, in addition to the strong support from our largest shareholder Atorka, allow the Promens Group to continue to grow further in the fragmented plastic market," concludes Ragnhildur Geirsdóttir. For further information, please contact: Ragnhildur Geirsdóttir, President & CEO, Promens, +354-580-5555, +354 898-5001 Promens is a leading global plastics manufacturer operating over 60 manufacturing facilities in Europe, North America and Asia. The company manufactures a wide range of products, including packaging for food, cosmetics, chemicals and pharmaceuticals and components for the automotive and heavy machine industry. Polimoon is the largest subsidiary of Promens. The total annual turnover of Promens is approx. EUR 710 million, and the total number of employees is close to 5,500. The largest shareholders of Promens are the investment company Atorka Group and Landsbanki. www.promens.com and www.polimoon.com Atorka Group is a progressive investment company that is listed on the OMX Nordic Exchange in Iceland and is included in the ICEX-15 index. Atorka invests in companies on global growth markets ans supports growth both internal and external. In its investments, Atorka emphasises companies characterised by solid operations and strong cash flow, strong management, promising conditions for internal and external growth, and opportunities for value enhancement. In general, the Company participates in three to five investment projects at a time, with the approximate time frame for each investment set at 3-5 years. www.atorka.is