Landsvirkjun - Company Announcement

Standard & Poor‘s affirms Landsvirkjun‘s credit ratings and raises SACP to bb-

Standard & Poor’s credit rating agency has affirmed Landsvirkjun‘s credit
ratings at BBB-/A-3. The ratings apply to long- and short-term commitments with
and without the guarantee of collection. 

Concurrently, Standard & Poor’s has raised the company’s stand-alone credit
profile (SACP) to bb-from b+. The revised rating reflects the consistent
strengthening in Landsvirkjun’s credit measures, in particular the success in
reducing leverage 

.

Outlook is stable.

Reykjavik, August 4, 2016

For further information please contact Magnús Þór Gylfason, Director of
Corporate Communications. Phone nr. +354 515 9000, email:
Magnus.Thor.Gylfason@landsvirkjun.is