Iceland Seafood International hf. - Other information disclosed according to the rules of the Exchange

Iceland Seafood International hf.: Market making agreement with Kvika banki hf

Following the expiry of previous market making contract with Kvika banki hf, the
company is happy to announce it has agreed on a renewed contract with the bank.

According to the new contract Kvika is committed to make daily bid and ask
offers for a minimum of ISK 5.000.000 at market value at a price decided by
Kvika at any given time.  The maximum spread between bid and ask is 1.5%, if the
intraday price change is more than 10%, Kvika is allowed to increase the maximum
spread to 3.0%. The maximum amount Kvika is obliged to trade within any day
amounts to 60.000.000 kr of market value.

The company also has a market making contract in place with Arion banki, with
similar setup as the contract with Kvika.

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