On the 25th of March, Atorka Group hf. (Atorka) announced extension on Standstill agreement to 31st of March 2009. Atorka has in cooperation with its main creditors worked on further extension on the Standstill agreement, as well as negotiated with other creditors. Today, Atorka and representatives of owners of the bond series, agreed to extend the agreement until 30th of April 2009. In the meantime Atorka will work on its financial restructuring in cooperation with its main creditors. The creditors behind the Standstill agreement represents over 98 % of all Atorka's creditors. Further information is available from Arnar Mar Johannesson, CFO, tel. +354 540-6200.