Straumur-Burðarás Fjárfestingabanki hf. - Changes in company's own shares

Date of transaction July 8 2008

Name:
Straumur-Burdaras Investment Bank hf.

Date of transaction:
08.07.2008 (Award date)

Buy or Sell:
Awarding of options

Type of instrument:
Call option

Number of shares:
15,000,000

Price:
10.093 (Average price 13.6.-20.6. 2008)

Primary insider's holdings after the transaction:
467,875,352

Date of settlement:
The option life is four years after the award date, until 08.07.
2012. An option expires if the awarded employee resigns or employment
is otherwise terminated. The option is vested in three equal tranches
(1/3) on the first, second and third anniversaries of the award date,
as notified by the bank on 18 February 2008.

This announcement is made pursuant to article 126(2) of the
Securities Trading Act no. 108/2007.