Landic Property hf. has signed an agreement regarding the sale of Atlas I portfolio (Landic Property Denmark A/S) to Jeudan A/S, a Danish listed property company. The portfolio is comprised of 31 properties, majority of which are office premises located in inner Copenhagen. Some of the buildings in the portfolio are distinctive in Copenhagen as the Tietgen´s House and the so-called ØK building. The sales price is around 2 billion DKK which equals the book value of the properties. Vidar Thorkelsson, CEO of Landic Property, says; “I am pleased with this deal we have made with Jeudan and I believe that the price is very acceptable for Landic Property in this current market environment. This sale is an important step in Landic Property´s restructuring path as the future focus will be in Iceland. The restructuring of the Icelandic operation is on track and is nearly completed.” For further information please contact: Landic Property hf. Vidar Thorkelsson, CEO Phone +354 575 9000 E-mail: vth@landicproperty.is