Kaupþing banki hf. - Company Announcement

Moody's places Kaupthing covered bonds rating on review for possible downgrade

Moody's Investors Service has placed Kaupthing's Aaa rated covered
bonds on review for possible downgrade. The rating action follows
Moody's decisions to review for possible downgrade Kaupthing's A1
long-term rating, P-1 short-term rating and C- bank financial
strength rating ("BFSR").


Further information:
Jónas Sigurgeirsson - Chief Communications Officer, +354 444 6112.