Glitnir banki hf. - Changes board/management/auditors

- Changes to Glitnir Executive Management Board

Changes have been made to Glitnir Executive Management Board in relation to
further increased regional focus on the Bank's three geographical business
regions; Iceland, Nordic and International. At the same time an agreement has
been made that Jan Forsbom will step down from the Executive Management board. 


The following persons represent Glitnir's Executive Management Board:

Lárus Welding, CEO

Alexander Guðmundsson, CFO 
Finance and Risk Management

Birna Einarsdottir, EVP 
Glitnir Iceland Commercial

Gísli Heimisson, EVP
Shared Services and IT

Guðmundur Hjaltason, EVP 
Glitnir Iceland Corporate

Helgi Anton Eiríksson, EVP 
Europe (including Denmark)

Magnús Bjarnason, EVP
International Banking

Morten Bjørnsen, EVP 
Nordic Region (including Russia)

Sveinung Hartvedt, EVP 
Capital Markets and Corporate Finance in Norway and Sweden 

Glitnir's organizational chart is attached.

For further information:

Vala Pálsdóttir, Head of Investor Relations, telephone +354 440 4989.

Attachments:

glitnir org chart.pdf