NASDAQ Iceland hf.: Shares of HB Grandi hf. (symbol: GRND) receive observation status

Shares issued by HB Grandi hf. (symbol: GRND) have received an observation
status with reference to an announcement published by HB Grandi hf. on May 28th
2018, 19:29:54 CET, which states that Brim hf. has made a takeover offer for
the shares of HB Grandi hf. in accordance with Article 100 of the Icelandic Act
on Securities Transactions no. 108/2007. 

The decision is based upon article 8.2 in the Rules for Issuers of Financial
Instruments on Nasdaq Iceland hf. The article states that the Exchange may
decide to give a class or classes of financial instruments of the issuer
concerned a temporary observation status if a takeover bid for the issuer has
been made public or a bidder has disclosed its intention to make such a bid in
respect of the issuer.