KOGUN HF

KOGUN HF

Previous company name

Name change date

Company Overview
Kцgun hf, the parent company of the Kцgun group, is Iceland’s largest corporate entity in the field of information technology. Since its foundation in 1988, the company has grown as one of Iceland’s most valued systems and software engineering companies.
In addition to the central administration, financial administration and coordination of the operations of other units in the group, Kцgun’s main activities involve software development and IT consulting for Icelandic and international customers. Kцgun has developed and deployed many of Iceland’s IT systems in various commercial sectors, ranging from on-line banking and financial applications to complete control systems for geothermal power plants. Besides being a provider of air traffic simulation and IT systems, Kцgun operates and maintains the world’s most advanced ground based military air defence system, the Iceland Air Defence System (IADS). The company also provides air surveillance and control capability to US and NATO forces in the North Atlantic.
Since 2000, Kцgun has been working with webMethods and Tibco which are world leaders in the field of integration. The company is also an IBM/Rational business partner and has provided sales and consultation for IBM/Rational products since 1997.
The Kцgun group includes several companies and affiliates: VKS, AX, LandsteinarStrengur, Hugur, Kцgurnes, Opin Kerfi group, Span and Audkenni. These companies and affiliates together provide services and products that span from the areas of air defence and power plant control to e-commerce and web publishing.
Business Summary
Kogun HF specialises in software development for Icelandic and international clients, incl. the Icelandic Air Defense System, control systems for power plants etc.
Description and history
Principal Activities:
Kogun HF comprises Iceland’s largest corporate entity in the field of information technology. It specialises in software development for Icelandic and international clients, incl. the Icelandic Air Defense System, control systems for power plants etc.

History:
Kogun Ltd is the parent company of the Kogun Group. In addition to the central administration, financial administration and co-ordination of the operations of other units in the Group, Kogun Ltd main activities involve software development and IT consulting for Icelandic and international customers.

Since its foundation in 1988, Kogun Ltd has grown to be one of Iceland’s software engineering companies. With roots in Iceland’s highly regarded software industry, they have applied dynamic and fast moving technologies from the commercial IT sector to the demanding requirements of the military and air traffic control world.

Takeover by SKODUN EHF (IS), a subsidiary of DAGSBRUN HF. ( IS6008982059)
The takeover offer submitted by Skodun ehf., a subsidiary of Dagsbrъn hf., to shareholders in Kцgun hf. expired at 4:00 p.m. Tuesday 16 May 2006. The shares owned by Skodun ehf. after the expiration of the takeover offer, amount to ISK at nominal value, corresponding to 190.396.654 % of the total share capital in Kцgun.

Shareholders who accepted the takeover offer will receive payment in cash on Tuesday 23 May 2006.

Kцgun does no longer fulfil the listing requirements of the Icelandic Stock Exchange due to limited ownership distribution. The Board of Directors of Kцgun will therefore request a de-listing of the company from the Icelandic Stock Exchange.

Kogun hf. (Provider of IT solutions for the commercial and defense industry),symbol KOGN, will be delisted from ICEX Main List after closing of trading day, 22 May 2006 in accordance with the company s request. The company does not fulfill listing requirements with regard to ownership distribution.

Business Line
Software development and IT consulting
Subsidiary
KOGUN USA (USA)
Advisor
KPMG HF
IPO date

US SIC Code
7371
Company Address
LYNGHALSI 9

City province or state postal code
110 REYKJAVIK
Phone: +354 580 9200
Fax: +354 580 9266
Country address: ICELAND
Website url: www.kogun.com