Straumur-Burðarás Fjárfestingabanki hf. - Company Announcement

Straumur applies for authorisation for moratorium process

19 March

Straumur Burdaras Investment Bank hf. (Straumur) has requested an
authorisation for moratorium process from the District Court of
Reykjavík. The process would enable Straumur to facilitate a
financial and operational restructuring in co-operation with the
bank's creditors.

Georg Andersen
Tel: 5856707
georg@straumur.com