Landsafl hf. - Financial Statement Release

Landsafl´s results for the first half of 2008

Landsafl´s profit ISK 1.6 billion

Key results:
• Total assets ISK 34.2 billion at the end of June compared to ISK 23.5 billion
at year end 2007. 
• Total equity ISK 9.9 billion at the end of June. Total equity at year end
2007 amounted to 8.2 billion. 
• Profit for the period is ISK 1.6 billion compare to profit of 378 million for
the same period in 2007. 
• Total revenues amounted to ISK 764 million during the period compare to
ISK 574 million for the same period in 2007.

Operational highlights:
• Formal opening of Holtagarðar, retail centre, the second phase of the
project was completed in April. 
• Refinancing of short term debt 

Further information

For further information on the financial statements, please contact:
Guðrún Ögmundsdóttir, Investor Relations, tel: +354 895 6066
Anna Sif Jónsdóttir, CFO of Landic Iceland, tel. +354 867-8269

About Landsafl and the outlook:
Landsafl is a subsidiary of Landic Property and owns 16 properties in Iceland.
The future business outlook is good.

Attachments:

press release.pdf

interim financial statements.pdf