Straumur-Burðarás Fjárfestingabanki hf. - Company Announcement

Straumur sells eQ Bank in Finland to Nordnet Bank AB.

15 May 2009

Straumur Burdaras Investment bank hf. (Straumur) has agreed to sell
all of its shares in eQ Bank (eQ) in Finland for just over €37
million. The buyer, Nordnet AB, is a Stockholm exchange listed asset
management firm. The transaction is conditional upon the permission
of the Swedish and the Finnish Financial Supervisory Authorities.

The transaction takes place after two month sales process, where the
intention was to maximize value received for eQ. Strong importance
was put on carrying out an appropriate and transparent sales process
and the highest offer was accepted.

HLP Corporate Finance, a Finish advisory firm, supervised the sales
process on behalf of Straumur and Roschier acted as Legal Advisors.

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