Landsvirkjun - Company Announcement

Standard and Poor‘s changes Landsvirkjun´s outlook from stable to positive

Standard and Poor‘s credit rating agency has changed Landsvirkjun‘s outlook
from stable to positive. On July 18, Standard and Poor´s announced a similar
change for the outlook of the Republic of Iceland´s credit rating. 

Reykjavik, July 24, 2014

For further information please contact Rafnar Larusson, CFO at +354 515 9000,
email: rafnar@lv.is