deCODE genetics, Inc. Announces Changes In Leadership Of Business Development

REYKJAVIK, Iceland, May 30 /PRNewswire/ -- deCODE genetics today announced that Dr. Hakon Hakonarson, who has served with diligence in various positions at deCODE over the past eight years, most recently as Vice President of Business Development, is leaving the company to pursue other interests. The company wishes him all the best in his new endeavors. Tomas Sigurdsson, deCODE’s Vice President, Treasury and New Alliances, will assume responsibility for the company’s business development.

About deCODE

deCODE genetics is a global leader in applying human genetics to develop drugs for common diseases. Our population approach has enabled us to discover and target key biological pathways involved in conditions ranging from heart attack to cancer. We are turning these discoveries into new medicine to better treat and prevent many of the biggest challenges to public health. deCODE is delivering on the promise of the new genetics.(SM) Visit us on the web at www.decode.com.

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.

Contact: deCODE genetics Edward Farmer Joy Bessenger +1 212 343 2819 +1 212 481 3891 info@decode.isir@decode.is

deCODE genetics

CONTACT: Edward Farmer, +1-212-343-2819, info@decode.is; Joy Bessenger,+1-212-481-3891, ir@decode.is

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