Recently, a temporary solution has been under preparation for the clearing and settlement of euro-denominated shares. In order to implement this solution, it was necessary to obtain the collaboration of a eurozone bank. The bank that was approached for this purpose has now declined to take part in the project. As a result, the intended temporary solution will not be applied owing to time constraints. The Icelandic Securities Depository will now focus its efforts on concluding the final arrangement for the clearing and settlement of equity transactions in euros. The arrangement is expected to be finalized in mid-2008, with the final date to be determined around year-end. Further information: Einar Snorri Sigurjonsson, Managing Director of ISD, ess@verdbrefaskraning.is, tel: +354 8959794