Highlights • The EBITDA in the third quarter was ISK 169 million, but for the same period in 2009 EBITDA was by ISK 107 million. • Total profit in the first nine months was ISK 132 million, while for the same period last year the total loss was ISK 178 million. • Nýherji hf. increased its share capital by ISK 840 million at market value. • Agreements with the company's commercial bank on restructuring of long-term loans are finished. • Nýherji's real-estate will be sold for ISK 1650 million, in parallel with the company entering into a 15-year lease agreement. • Plans call for lowering the company's debt by ISK 2600 million. Thordur Sverrisson, CEO: "During the year there has been very positive development in the operations of Nýherji and its domestic subsidiaries, and the performance is excellent in the third quarter of 2010. The demand for computers and technical equipment has increased, and sales are above plan. After a considerable decrease in the number of software consultants, a balance has been achieved with the demand for domestic software services, and these operations are now profitable. Nýherji increased its share capital by ISK 120 million at nominal price and sold it to investors at an price per share of 7.0. At the same time agreements with the company's commercial bank on restructuring of long-term loans were signed. The overall impact of the measures is that the company's equity will be strengthened by nearly ISK 1 billion. The increase in share capital, sale of real-estate and decrease in debt will lower interest-bearing debt by ISK 2600 million. At the conclusion of these measures, Nýherji's financial position will again be strong, and the company's equity ratio will exceed 30% at the end of the year. The company's main emphasis will be on further improving performance with the continuing rationalization of operations." Further information Thordur Sverrisson, CEO Nýherji, Tel. +354 893 3630. Nýherji hf. Nýherji hf.'s mission is to create value for its customers with employees' knowledge of IT, corporate operations and customers' needs. Nýherji offers top-quality consulting and professional services in the field of IT as well as professional computer equipment, office equipment and software. The Nýherji Group comprises 18 companies, operating in both in Iceland and other countries and having 540 full-time equivalent positions. Nýherji hf.'s shares are registered on NASDAQ OMX Iceland hf. Nýherji's Board of Directors: Benedikt Jóhannesson, Chairman of the Board, Árni Vilhjálmsson and Gudmundur Jóh. Jónsson. Thordur Sverrisson is Nýherji's CEO.