Orkuveita Reykjavíkur - Company Announcement

Reitun changes outlook to positive on Orkuveita Reykjavikur’s rating

Reykjavik, 2015-01-19 14:37 CET (GLOBE NEWSWIRE) -- Icelandic rating company
Reitun has improved the outlook in Reykjavik Energy‘s (Orkuveita
Reykjavikur-RE) i.A3 credit rating from with stable outlook to positive
outlook. The main reasons for higher rating, according to Reitun‘s attached
release (only available in Icelandic), are; continued strengthening of
finances, success in the implementation of The Plan,  series of actions
initiated in 2011 and extend through year 2016. 


         Contact:
         Ingvar Stefansson
         CFO
         +354 516 6000

Attachments:

Lanshfismat Reitunar - Orkuveitan januar 2015.pdf