Sandgerðisbær - Request for removal of bonds from trading approved

| Source: NASDAQ Iceland hf.

NASDAQ OMX Iceland hf. has approved a request submitted by Sandgerðisbær regarding the removal from trading of bonds with the symbol SANB 03 1 with reference to an announcement made public by the issuer today, 16 June 2014.

The bonds will be removed from trading as of closing of trading on 18 June 2014.