deCODE genetics, Inc. Announces Webcast Of Conference Call To Discuss Full-year 2005 Financial Results

REYKJAVIK, Iceland, Feb. 27 /PRNewswire-FirstCall/ -- deCODE genetics, Inc. today announced that it will report its full-year 2005 financial results in a press release to be issued on Monday, March 6, after the close of the market in New York. The company will host a live webcast of its conference call to discuss these results and recent operating highlights on Tuesday, March 7, at 8am EST/1 pm GMT.

The webcast can be accessed through the Investors page of deCODE's website, http://www.decode.com, or through http://www.fulldisclosure.com. Please log in to the webcast 15 minutes prior to the scheduled start of the call. The call will be archived for at least a week on each site. For those unable to listen to the webcast because of company firewall or other issues, a digitized audio replay will also be available by telephone from approximately 11:30am EST on Tuesday, March 7 and for one week thereafter. The dial-in replay numbers are: 1 (800) 475-6701 in the U.S., and +1 (320) 365-3844 for those calling from outside the U.S. The access code is 820970.

Any statements contained in this presentation that relate to future plans, events or performance are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements. These risks and uncertainties include, among others, those relating to technology and product development, integration of acquired businesses, market acceptance, government regulation and regulatory approval processes, intellectual property rights and litigation, dependence on collaborative relationships, ability to obtain financing, competitive products, industry trends and other risks identified in deCODE's filings with the Securities and Exchange Commission. deCODE undertakes no obligation to update or alter these forward-looking statements as a result of new information, future events or otherwise.

Contacts: deCODE genetics Stefan Arnason +354 570 1995 ir@decode.is

CONTACT: Stefan Arnason of deCODE genetics, +354-570-1995, ir@decode.is

Web site: http://www.decode.com/