Straumur-Burðarás Fjárfestingabanki hf. - Company Announcement

- Straumur authorised for moratorium process

The District Court of Reykjavík has granted Straumur Burdaras Investment Bank
hf. a moratorium order until 11 June 2009. Mr. Hörður Felix Harðason, supreme
court attorney, has been appointed moratorium administrator.