Reykjavík, 3 November 2014
Share Options Settled
100,000 share options granted on 22 October 2010 to Thorvaldur Ingvarsson, EVP
of R&D, vested on 22 October 2014. The share options could not be exercised due
to restrictions in the Icelandic Act on Foreign Exchange. Therefore the options
will be settled with cash payment equalling the difference of the exercise price
(DKK 10.7) and the market price (DKK 17.6), multiplied with the number of share
options. Total payment amounts to USD 0.1 million.