Eignarhaldsfélagið Farice ehf. - Changes board/management/auditors

Mr. Ómar Benediktsson appointed Chief Executive Officer at Farice ehf.

Mr. Ómar Benediktsson has been appointed Chief Executive Officer for the
Icelandic submarine cable company Farice ehf., which is a key player in the
emerging Data Center Industry in Iceland and operates two fiber optic cables
between Iceland and Europe. 

For the past years Mr. Benediktsson has held various positions for Icelandair
Group, most recently   as  CEO for Smartlynx airlines in Latvia.  Mr.
Benediktsson has led  several successful international  companies including Air
Atlanta, Islandsflug and Island Tours in Germany and other European countries. 
  Mr. Benediktsson has also held positions as Chairman of the Board of RUV ohf,
the Icelandic National Broadcasting Company and as the vice Chairman of the
Board of Icelandair Group.