Kaupþing banki hf. - Managers' transactions

Related Party trading

Exista hf., a company financially related to Lýdur Guðmundsson, a
board member of Kaupthing Bank hf., has today, 31 August 2008, bought
7,738,375 shares in the Bank at the price of 798.6243  ISK per share
(average price).

Lýdur Guðmundsson owns no shares in the Bank. Parties financially
related to Lýdur Guðmundsson own 183,265,009 shares in the Bank after
the transaction.