Landic Property hf. granted approval for seeking composition with creditors

| Source: Landic Property hf. Landic Property hf. 

Today, the District Court of Reykjavik approved Landic Property hf.´s request
to seek composition with its creditors. 
Ástráður Haraldsson, Supreme Court Attorney, at Mandat Law Office, has been
appointed supervisor of the composition procedures. 

For further information please contact:
Landic Property hf.	
Vidar Thorkelsson, CEO	
Phone +354 575 9000			
E-mail: vth@landicproperty.is