Lif hf. (Pharmaceutical
Company), symbol LIF, will be delisted from ICEX Main List on July 2nd 2004 in
accordance with the company's request. Lif does not fulfill listing requirement
with regard to ownership distribution as Fjarfestingarfelagið Atorka hf. (Investment
Company, symbol ATOR) has acquired more than 90% of the shares. The delisting
is made by reference to Art. 7.5.2 of the Rules for Issuers of Securities
Listed on the Iceland Stock Exchange Ltd.