Vatryggingafelag Islands hf. (Insurance Company), symbol VISHF,
will be delisted from ICEX Alternative Market after closing of trading day 22
December 2004 in accordance with the company´s request. The company does not
fulfill the listing requirement as Gætur ehf and
Gætur´s owners have acquired 99,910% of its shares. The delisting is made by
reference to Art. 7.5.2 of Rules for Issuers of Securities Listed on Iceland
Stock Exchange ltd.