Sjóvá-Almennar tryggingar hf. (Insurance Company),
symbol SJVA, will be delisted from ICEX Main list on November 17th 2003 in
accordance with the company's request.
The company does not fulfill the listing requirement as Islandsbanki hf.
(Commercial and investment bank - Exchange member), symbol ISB, has acquired
more than 99% of its shares.
Islandsbanki hf. has published a takeover offer and announced that the
minority of shareholders will be subject to redemption of their shares in accordance
with Art. 24 to 25 of the Act respecting Public Liability Companies No.
2/1995. The delisting is made by
reference to Art. 39 of the Rules on listing of securities on the Iceland Stock