NASDAQ Iceland hf.: Settlement procedure due to Nasdaq CSD Iceland's transition to a new system

As previously announced, Nasdaq CSD Iceland (NCSDI) is planning a transition to
a new settlement system on August 24, 2020. With reference to an announcement
from NCSDI, which can be seen here, there will be no settlement of trades on
that date. Monday, Agust 24, 2020 will thus be declared a non-settlement day.
This entails that trades done on Thursday August 20, 2020 will be settled on
Tuesday August 25th (instead of Monday August 24th as per usual). Also, trades
done on Friday August 21st will be settled on Wednesday August 26th (instead of
Tuesday August 25th as per usual). For these two dates only, the settlement
procedure will be T+3 affecting, among other things, the calculations of
accrued interests and indexations factors. 

Settlement days for all trades executed on other dates will remain the same
(T+2) 

See further explanation in the table below:

Weekday    Trade date  Settlement date  Settlement procedure
------------------------------------------------------------
Tuesday     18.8.2020        20.8.2020  T+2                 
------------------------------------------------------------
Wednesday   19.8.2020        21.8.2020  T+2                 
------------------------------------------------------------
Thursday    20.8.2020        25.8.2020  T+3                 
------------------------------------------------------------
Friday      21.8.2020        26.8.2020  T+3                 
------------------------------------------------------------
Monday      24.8.2020        26.8.2020  T+2                 
------------------------------------------------------------
Tuesday     25.8.2020        27.8.2020  T+2                 
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For further information concerning this notice please contact Nasdaq Iceland,
telephone [phone], or e-mail [e-mail]