Landsvirkjun - Company Announcement

Landsvirkjun repurchases CHF 40 million bond

Landsvirkjun has decided to repurchase an EMTN bond maturing in 2012 for CHF 40
million notional. 

The repurchase is a part of Landsvirkjun's cash and liability management where
sound liquidity position is used to lower the Company's financing cost. 



Further information is provided by Ragna Sara Jonsdottir, head of corporate
communications, sara@lv.is, +(354) 515-9088