Fixed income instruments issued by Reykjanesbær moved to the Observation List

| Source: NASDAQ Iceland hf. NASDAQ Iceland hf. 

A fixed income instrument issued by Reykjanesbær (RNB 08 1) has been moved to
the Observation List with reference to information in the media concerning the
financial position of the issuer. The decision is based on article 8.2 in the
rules for issuers on NASDAQ OMX Iceland.