- Recommendations Concerning the Method of Calculating Daily CPI and CTI Index Values

The Recommendations are prompted by the adoption of amendments to Act No.
12/1995, on the Consumer Price Index, and No. 38/2001, on Interest and
Indexation, by the most recent session of the Icelandic parliament Althingi.
The amendments take effect on 1 January 2008. 

OMX Nordic Exchange in Iceland has decided, following a review process, to
recommend to market participants and issuers of listed bonds that their
calculations of the daily indexes follow the recommendations below, 

1. It is recommended that, as of 1 March 2008, issuers and other market
   participants use a linear interpolation in calculating daily index values
   based on CPI and CTI values published by Statistics Iceland with a two-month
   lag, and 

2. that issuers use the calculated daily index on the date of issue to
   determine the base index and that of the maturity date to determine the
   indexation adjustment. 

Further details can be seen in the attachment.

For more information, please contact Brynjar Orn Olafsson
(brynjar.olafsson@omxgroup.com, tel. +354 525-2856) or Finnbogi Rafn Jonsson
(finnbogi.jonsson@omxgroup.com, tel. +354 525-2852).