Straumur-Burðarás Fjárfestingabanki hf. - Company Announcement

Straumur-Burdaras Investment bank hf. ("Straumur") has entered into a market-making agreement with Municipality Credit Iceland Plc. ("MCI")

21 December 2008

Straumur has entered into a market-making agreement with MCI in
relation to its bond issuing on the OMX Nordic Exchange in Iceland.

The goal of the agreement is to maintain access by the MCI to loan
capital, to strengthen price formation of MCI's bonds and to
facilitate increased liquidity on the secondary market.

The agreement entails that Straumur, on the secondary market (OMX
Nordic Exchange Iceland), is obligated to present buy and sell offers
at a minimum of ISK 20 million at nominal value in the bond series
LSS150224 and to renew them within 15 minutes from the time the offer
has been accepted. The maximum spread between buy and sell offers is
1.0%.

Straumur is allowed to deviate from the maximum difference in the buy
and sales offers if Straumur has engaged in trading in one day in the
amount of ISK 100 million or more at nominal value.

For further information contact;
Georg Andersen
Head of Corporate Communications
Tel: +354 585 6707
georg@straumur.com