2008-02-12 19:47:57 CET

2008-02-12 19:48:00 CET


REGULATED INFORMATION

English
Glitnir banki hf. - Notice to general meeting

Further information regarding the motion by the Board of Directors on allocation of profit and payment of dividend.


The Board of Directors of Glitnir  banki hf. has resolved to  propose
to the Annual  General Meeting of  the company on  February the  20th
2008  that  a  dividend  be  paid  totalling  ISK  5,506  billion  to
shareholders in proportion to their shareholdings, or the  equivalent
of 19.9% of the profit for the year 2007 and 37% of the nominal value
of share capital (or ISK 0.37 per share) from the after-tax profit of
the operating year 2007, which amounted  to ISK 27.651 billion.   The
remainder of the  profit for  the year,  ISK 22.1  billion, shall  be
allocated  to   increase   the  equity   of   Glitnir  banki   hf.
Simultaneously, the  Board of  Directors proposes  that  shareholders
shall have the option to receive up to one half of their dividend  in
shares in Glitnir banki hf. at the price of 17.10 per share.

Reference date for  dividend payment  shall be the  20th of  February
2008. Payment of the  dividend by the Company  shall be made  without
interest on 13 March 2008.

Ex-Dividend Date is 21 February 2008.

Date of Record is the 25th of February 2008.

 (Dividend will be paid to those parties registered in the
shareholders' registry after the settlement by  the Icelandic
Securities Depository before 9.00  a.m. on  the 25th of February
2008).

Press release (PDF)