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NASDAQ OMX Iceland Welcomes N1 to the Main Market

NASDAQ OMX (NASDAQ:NDAQ) announced that the shares of N1 hf., a Small Cap company within the Consumer Services sector, today began trading on the Main Market of NASDAQ OMX Iceland. N1 is the 16th company to be listed on NASDAQ OMX Nordic this year, and the 3rd on the NASDAQ OMX Iceland market. N1 will trade under the ticker symbol N1.

N1 is one of the largest retail and service companies in Iceland. The company provides people and businesses around the country fuel, supplies, refreshments and entertainment with a powerful distribution system, targeted product selection and personal service. N1 runs almost two hundred service centers, self-service stations, garages and corporate stores around Iceland.

Eggert Benedikt Guðmundsson, CEO of N1: “N1 celebrates going public on the market with a large and solid group of shareholders. The public offering was extremely well received which is a motivation for all of us at the company and connects us better with our large customer base around the country. We look forward to working with this large group to further strengthen the company “

“It is with pleasure that we welcome N1 to the Icelandic Main Market.” said Pall Hardarson, President of NASDAQ OMX Iceland. “The company is a great addition to the Icelandic equity market, and brings added sector diversity to it which is very important in the rebuilding of the market. The demand in the recent public offering is indicative of the public’s interest in the company, but the company is very familiar to many Icelanders. We look forward to supporting N1 on their new route as a listed company.”

Islandsbanki and Arion bank were N1’s advisors during the listing process and the same companies are market makers.