Public offering of N1 shares

Today, Friday, 6 December 2013, is the first day of public offering of shares in N1 hf. The offer stands until 16:00 Monday the 9th December 2013.

Registration takes place on Íslandsbanki´s website.

In connection with the public offering of shares in N1 in accordance with 43 Article. act no. 108/2007 on securities transactions and the company's application for removal of all shares of N1 to trading on the Main Market of NASDAQ OMX Iceland hf. The company published a prospectus on 26 November 2013, consisting of a summary, securities note and registration document.

The prospectus is published on N1 website.

Total number of issued shares amounts to 1,000,000,000. All shares are of the same class and have equal rights. Shares are issued electronically in the system Icelandic Securities Depository and each with nominal value of ISK 1. The Board of Directors has applied for the ticker symbol N1 in the trading system of the NASDAQ OMX Iceland.

The offering will be conducted in two parts:

Part A, where 10 % of the issued share capital of the company is offered for sale in the range of ISK 13.5 to 15.3 kr. per share. Received subscriptions in Part A worth in the range of ISK 100,000 to 10,000,000.

Part B, where 15-18 % of the shares are offered for sale. Minimum specified in part B of 15.3 kr. share, but no maximum on offer. Received subscriptions in Part B worth 10,000,001 or higher.

Any additional information provided by the staff of VÍB-Íslandsbanki's Wealth Management by phone 440 4900 and by email between at 9:00 and 20:00 during the public offering.

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