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.