Landsvirkjun - Company Announcement

Landsvirkjun repurchases EUR 10 million bond

Landsvirkjun has repurchased an EMTN bond maturing in 2013 for EUR 10 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. 

Reykjavik, September 30, 2011



For further information please contact Rafnar Larusson, CFO
at +354 515 9010 or by email: rafnar@lv.is.