2008-05-21 00:58:44 CEST

2008-05-21 00:59:23 CEST


REGULATED INFORMATION

English
Glitnir banki hf. - Company Announcement

Moody's affirms Glitnir's Credit Ratings



Moody's Investors Service affirmed today Glitnir Bank's A2/P-1 credit
rating, with the financial strength of C- and outlook stable at the
same time as it downgraded the Icelandic sovereign.

Moody's press release is attached.

Moody announcement