Unbundling of Reykjavik Energy Does not Affect Credit Rating

| Source: Orkuveita Reykjavíkur

Reykjavik, 2013-12-04 13:39 CET (GLOBE NEWSWIRE) -- Following reports of the imminent unbundling of Reykjavik Energy‘s (RE – Orkuveita Reykjavikur) operations, as instructed by amendments to law 65/2003 that come to effect January 1st 2014, Icelandic rating company Reitun has issued a new credit rating report on RE.

Reitun’s study of RE’s unbundling – including scenario and sensitivity studies – have led to the conclusion that RE’s credit rating is unchanged, B+ with positive outlook.

Attached is Reitun‘s report, only issued in Icelandic.