Landsvirkjun - Financial Statement Release

Moody‘s changes Landsvirkjun´s outlook from negative to stable

Moody‘s credit rating agency has raised Landsvirkjun‘s outlook from negative to
stable. On February 7, Moody´s announced a similar change for the outlook of
the Republic of Iceland´s credit rating. 

According to Moody´s the change in outlook reflects the reduced risk for the
Icelandic economy following the EFTA Court decision in January and the overall
improvement. 





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