Orkuveita Reykjavíkur
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Reykjavík Energy - Green Bond Offering Results

Today, May 16^th 2023, Orkuveita Reykjavíkur (OR; Reykjavik Energy) concluded a green bond offering in series OR020934 GB og OR180255 GB.

OR020934 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of September 2^nd, 2034. Previously, bonds have been issued  in the category with a nominal value of ISK 14.577 million.

The series attracted bids totalling ISK 3.270 million nominal value at yields between 3.10% and 3.23%.  OR accepted bids amounting to ISK 3,170 million at a yield of 3.22%.

OR180255 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of February 18^th, 2055. Previously, bonds  in the category have been issued with a nominal value of ISK 23,221 million.

The series attracted bids totalling ISK 1,980 million nominal value at yields between 2.92% and 3.02%. OR accepted bids amounting to ISK1,980 million at a yield of 3.02%.

Fossar Markets oversees the issuance and sale of the bonds as well as their admission to trading on the Nasdaq market in Iceland with sustainable bonds.

Contacts:

Benedikt K. Magnússon, Reykjavík Energy CFO, tel. +354 516 6100, Benedikt.K.Magnusson@or.is

Matei Manolescu, Fossar Markets, tel. +354 522 4008, matei.manolescu@fossarmarkets.com