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Reykjavik, Iceland, October 23, 2006
deCODE genetics to Webcast Presentation at C.E. Unterberg Life Sciences Conference

deCODE genetics (Nasdaq:DCGN) today announced that its presentation at the C.E. Unterberg, Towbin Life Sciences Conference on Tuesday, October 31, 2006, will be webcast live. The presentation will be delivered at 10am Eastern Time/3pm GMT at the Palace Hotel in New York.

The webcast can be accessed through the Investors page on deCODE’s website, www.decode.com. Those interested in listening should log on a few minutes in advance in order to download any software or complete any sign-in that may be required.

About deCODE
deCODE genetics (NASDAQ:DCGN) 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.






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