Straumur-Burðarás Fjárfestingabanki hf. - Company Announcement

Market making agreement between Straumur-Burdaras Investment Bank hf. ("Straumur") and Saga Capital Investment bank hf. ("Saga Capital")

12 December 2008

Straumur and Saga Capital have signed a Market Making Agreement where
Saga Capital acts as market maker for shares issued by Straumur on
NASDAQ OMX Iceland.

The purpose of the agreement is to facilitate trading and improve
liquidity in the shares of Straumur on the NASDAQ OMX Iceland in
order to promote the development of market price and to encourage
effective and transparent price formation.

The terms of the agreement are as follows:
Saga Capital is committed to make daily bid and offer quotes on all
trading days for a minimum of ISK 1.000.000 at nominal value at a
share price decided by Saga Capital.

Maximum bid/ask spread shall not exceed 1.5% and the deviation from
the last transaction price shall not exceed 2.0%.

Saga Capital secures the amount of the total trade for one day to be
at nominal value at a maximum ISK 20.000.000.

This agreement will be active as of 15 December 2008.

According to announcement from Straumur dated 5 December 2008,
Straumur has made a market making agreement with Nýi Kaupþing banki
hf. ("Nýi Kaupþing").

The terms of that market making agreement are as follows:
Nýi Kaupþing is committed to make daily bid and offer quotes on all
trading days for a minimum of 1.000.000 shares in Straumur at a price
decided by Nýi Kaupþing.

Maximum bid/ask spread shall not exceed 1.5% and the deviation from
the last transaction price shall not exceed 3.0%.

Nýi Kaupþing secures the amount of the total trade for one day to be
at nominal value at a maximum ISK 25.000.000.

Nýi Kaupþing started market making with Straumur shares on 11
December 2008.

For further information contact;
Georg Andersen
Head of Corporate Communications
Mobile: +354 858 6707
georg@straumur.com