Kaupthing Bank

Kaupthing Bank (STO:KAUP) The Icelandic Competition Authority has today approved the merger of Kaupthing Bank hf. and the Reykjavik Savings Bank hf. (SPRON), without conditions. The merger is however still subject to the approval of the Icelandic Financial Supervisory Authority, cf. press release from July 1.

Kaupthing Bank (STO:KAUP) Enclosed is a flagging notification from Q Iceland Finance ehf., see attachment.

Kaupthing Bank (STO:KAUP) Enclosed is a flagging notification from Kaupthing Bank hf., see attachment.

Kaupthing Bank (STO:KAUP) Name: Kaupthing Bank hf. Date of transaction: 22 September 2008 Buy or Sell: Sell Type of instrument: Equity Number of shares: 37,100,000 Price: 690 ISK Primary insider's holdings after the transaction: 3,279,216

Kaupthing Bank (STO:KAUP) Name: Kaupthing Bank hf. Date of transaction: 22 September 2008 Buy or Sell: Buy Type of instrument: Equity Number of shares: 4,200,000 Price: 714 ISK Primary insider's holdings after the transaction: 40,379,216

Kaupthing Bank (STO:KAUP) Q Iceland Finance ehf., a wholly owned subsidiary of Q Iceland Holding ehf., a company owned by His Highness Sheikh Mohammed Bin Khalifa Al-Thani, has acquired a 5.01% stake in Kaupthing Bank hf. Q Iceland Finance acquired 37.1 million existing shares at the price of ISK 690 per share, thus becoming the third largest shareholder of Kaupthing.

Kaupthing Bank Kaupthing Bank hf. sold today 6 August 2008 a total of 1,624,000 of its own shares at the price of 303 ISK per share to Sigurdur Einarsson, Executive Chairman and Hreidar Mar Sigurdsson, CEO, in connection with their exercising of stock option agreements.

Kaupthing Bank Hreidar Mar Sigurdsson, CEO of Kaupthing Bank hf., and Sigurdur Einarsson, Executive Chairman of Kaupthing Bank hf., have today, 6 August 2008, each exercised a call option on 812,000 shares in the Bank at a price of ISK 303 per share in accordance with a stock option plan which was approved at the Bank's annual general meeting on 27 March 2004. Hreidar Mar Sigurdsson has also transferred his shares to his holding company, Hreidar Mar Sigurdsson ehf.

Kaupthing Bank A shareholders' meeting in Reykjavik Savings Bank hf. (SPRON) has confirmed the merger schedule signed by the board of directors of SPRON and the board of directors of Kaupthing Bank hf. on 1 July 2008.

Kaupthing Bank Kaupthing Bank's subsidiary, Kaupthing Singer & Friedlander ("KSF") has sold its Insurance Premium Finance business to Close Brothers at a small premium to net asset value. The sale will free up more than GBP 100 million in liquidity for KSF. The Commodity Trade Finance has also effectively been closed and 97% of the initial portfolio, which was approximately GBP 350 million, has been run-off.