Orkuveita Reykjavíkur - Other information disclosed according to the rules of the Exchange

OR‘s Board of Directors Approves Financing for 2018

Today, December 18^th, Orkuveita Reykjavíkur‘s (OR, Reykjavík Energy) Board of Directors authorized financing in the form of bonds, bills of trade or loans to the amount of ISK 15 billion in 2018.

This authorization is in line with OR’s bond issuance platform established on the Icelandic market in 2016.

This authorization is in line with OR‘s Financial Forecast published on the Icelandic Stock Exchange on October 20^th 2017.

         Contact:
         Ingvar Stefánsson
         CFO
         + 354 516 6100