Issuer: Orkuveita Reykjavíkur hf. Bæjarháls 1, 110 Reykjavík ID No. 551298-3029 Date of admission: 16.01.2009 Symbol: OR 09 1 ISIN-code: IS0000019107 Orderbook ID: 62652 Bond type: Interest bearing Market: OMX ICE CP Fixed Income Size limits: 5,000,000,000 ISK Issued: 5,000,000,000 ISK Denomination: 10,000,000 ISK Issue date: 9 January 2009 First due date: 17 March 2010 Number of due dates: 1 Maturity date: 17 March 2010 Interests calculated from: 9 January 2009 First interest payment date: 17 February 2009 Number of interest payments: 14 Interest: 1 month REIBOR + 125 bp Indexed: N/A Name of index: N/A Base index value: N/A Dirty price / Clean price: Clean price Day count convention: Act/360 Call option: N/A Put option: N/A Convertible: N/A Market making: N/A Credit Rating (rating agency, date): N/A Securities depository: Icelandic Securities Depository Issued electronically: Yes OMX ICE member responsible for admission to trading: NBI hf.