Straumur-Burðarás Fjárfestingabanki hf. - Changes board/management/auditors

Höskuldur Ari Hauksson resigns

15 May 2008

Höskuldur Ari Hauksson, Managing Director and Head of Capital
Markets, has decided to resign from his position at Straumur-Burdaras
Investment Bank.  "I've reached this decision taking into account
that the market environment has led to a certain shift of emphasis at
Straumur and the opportunities are different from what they were
before," says Höskuldur. Straumur thanks Höskuldur for his
contribution to the Bank and wishes him well.

For further information contact:
Ólafur Teitur Gudnason
Media Relations
tel: +354 858 6778
e-mail: olafur.gudnason@straumur.net