S&P Global Ratings has affirmed Landsvirkjun‘s credit ratings at BBB/A-2. The ratings apply to long- and short-term commitments, with and without the guarantee of collection. Outlook is positive.

Reykjavik, February 28, 2020

For further information please contact Rafnar Lárusson, CFO.

Phone nr. +354 515 9000, email: rafnar@landsvirkjun.is