Orkuveita Reykjavíkur - Company Announcement

Revised financial forecasts 2017-2022

Reykjavík, 2016-11-28 20:43 CET (GLOBE NEWSWIRE) -- In The City of Reykjavik‘s
budgeting process, assumptions were updated. Since Orkuveita Reykjavíkur‘s (OR,
Reykjavik Energy) budget is a part of The City‘s consolidated budget, OR‘s
budget, published October 3rd 2016, has been adjusted accordingly. OR‘s revised
financial forecast for year 2017 and a five-year forecast for years 2018
through 2022 was approved by The Board of Directors today and is attached.

Attachments:

Reykjavik Energy Financial forecast 2017 and five year forecast 2018-2022 - revised.pdf