Orkuveita Reykjavíkur - Company Announcement

Reykjavik Energy Refinances Sewerage Loans

Reykjavik, 2014-02-17 15:04 CET (GLOBE NEWSWIRE) -- Today, representatives of
Reykjavik Energy and Municipality Credit Iceland Plc.  signed a ten-year loan
agreement in the amount of ISK 900 million. The loan was granted to refinance
the City of Reykjavik‘s bonds RVK 05. The loan is CPI indexed with interests of
3.15%, which is more favorable than the bonds. The bonds were issued by The
City of Reykjavik to finance sewerage investments and were serviced by
Reykjavik Energy since the Company took over sewerage services from the City,
in year 2006.