Following the expiry of previous market making contract with Kvika banki hf, the company is happy to announce it has agreed on a renewed contract with the bank.

According to the new contract Kvika is committed to make daily bid and ask offers for a minimum of ISK 5.000.000 at market value at a price decided by Kvika at any given time. The maximum spread between bid and ask is 1.5%, if the intraday price change is more than 10%, Kvika is allowed to increase the maximum spread to 3.0%. The maximum amount Kvika is obliged to trade within any day amounts to 60.000.000 kr of market value.

The company also has a market making contract in place with Arion banki, with similar setup as the contract with Kvika.

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Iceland Seafood International hf. via GlobeNewswire
HUG#2121176