Kaupþing banki hf. - Company Announcement

Talks on participation in the reorganization of Glitnir Bank

Kaupthing Bank hf. has, after consulting the Icelandic authorities,
discussed with the Icelandic Financial Supervisory Authority
Kaupthing's involvement in the reorganization of Glitnir Bank hf.
Further talks will be held over the next several days.

For further information please contact Jónas Sigurgeirsson, Chief
Communications Officer, tel. +354 444 -6112 or ir@kaupthing.com.