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President Of The Iceland Stock Exchange Resigns

Date 11/01/2002

Finnur Sveinbjörnsson, President of the Iceland Stock Exchange has resigned to become Managing Director and CEO of Icebank Ltd., the savings banks' central and service bank. Helena Hilmarsdóttir, Head of Listing and Trading and Deputy President takes over the President's daily management responsibilities as of today. The search for a new President has already started.