Sparisjóður Mýrasýslu - Company Announcement

- Statement regarding the obligations of SPM

On 27 March 2009 the largest creditors of Sparisjódur Mýrasýslu ("SPM") agreed
to a proposal on the financial restructuring of the bank, see announcement to
the stock exchange dated 6 April. At the same time SPM's assets were sold to
New Kaupthing, which will pay for the said assets with bonds and shares issued
by New Kaupthing.
SPM is the issuer of several bond series listed on Nasdaq OMX. In view of the
situation SPM will not pay instalments or interest on the series which may
reach maturity during the period in which negotiations on the settlement of
claims are taking place with Icelandic and foreign creditors, including series
SPM 05 01 which matures on 15 April 2009.