Kogun hf. (Provider of IT solutions
for the commercial and defense industry),symbol KOGN, will
be delisted from ICEX Main List after closing of trading day, 22 May 2006 in accordance with the company’s
request. The company does not fulfill listing requirements with regard to ownership
distribution, see announcement 17 May 2006. The delisting is made
by reference to Art. 7.5.2. of Rules for Issuers of Securities Listed on Iceland
Stock Exchange Ltd.