Issuer: Akureyrarbær ID: 410169-6229 Geislagata 9 600 Akureyri Date of admission to trading: 31.08.2010 Symbol: AKU 10 1 ISIN-code: IS0000020071 Orderbook ID: 77549 Bond type: Annuitet Market: OMX ICE CP Fixed Income Size limit: No size limit Amount admitted to trading at this time: ISK 2.000.000.000 Total amount previously admitted to trading: 0 Denomination: ISK 10.000.000 Issue date: 14.06.2010 First due date: 20.12.2010 Number of due dates: 68 Maturity date: 20.06.2044 Interest calculated from: 01.06.2010 First interest payment date: 20.12.2010 Number of interest payments: 68 Interest: 4,35% Indexed: Yes Name of index: CPI Base index value: 363,8 Dirty price / Clean price: Clean Price Day count convention: 30E/360 Call option: No Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): No Securities depository: Icelandic Securities Depository Issued electronically: Yes Comments: Reference is made to the Issue Description for detailed information in regards to Special Conditions Clause & Change of Conditions Clause. Coordinator - admission to trading: Saga Capital Investment Bank