Straumur-Burðarás Fjárfestingabanki hf. - Company Announcement

Nick Stagg joins Straumur - Burdaras Investment Bank's management committee

25 November 2008

Straumur-Burdaras Investment Bank hf. ("Straumur") has appointed Nick
Stagg, former CEO of Teather & Greenwood plc, on Straumur's
Management Committee.
Prior to joining Teather & Greenwood plc, Stagg was the CEO of
Lambert Smith Hampton plc and the Financial Director for London Shop
plc before joining Lambert Smith Hampton. Stagg holds a BSc Degree in
physics from the University College London, as well as being a
chartered accountant.

Georg Andersen
Senior Vice President, Head of Corporate Communications
Tel: +354 858 6707
E-mail: georg@straumur.com

Ed Gasgoigne-Pees
Managing Director, Financial Dynamics
Tel: +44 (0)20 7269 7132
E-mail: ed.gascoigne-pees@fd.com

Felicity Murdoch
Associate Vice President, Financial Dynamics
Tel: +44 (0)20 7269 7243
E-mail: felicity.murdoch@fd.com