Iceland Stock Exchange Q3 2006 Report

Various positive events characterised the 3rd quarter of this year. The market has been vital and growing, in both turnover and number of trades, with trading volume at the end of September already exceeding that of last year in its entirety. One new company, Exista, was listed on ICEX, and this single addition boosted the total market cap of listed companies by more than 10%. Finally, ICEX and OMX have agreed to merge and a Letter of Intent to this effect has been signed. The merger will create a favourable environment for the continuing growth of the Icelandic securities market and marks one further step towards a common Nordic securities market.