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.

For further information please contact: Jónas Sigurgeirsson, Chief Communications Officer, tel. + 354 444 6112 or ir@kaupthing.com

About Kaupthing Bank Kaupthing Bank is a Northern European bank offering integrated financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients.

The Bank operates in all the Nordic countries, as well as an ever-growing number of countries throughout Europe, the Middle East and the United States. www.kaupthing.com

Kaupthing Bank

http://www.kaupthing.com

ISIN: IS0000001469

Stock Identifier: XOME.KAUP

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