Straumur-Burðarás Fjárfestingabanki hf. - Company Announcement

Correction on an announcement sent 5 December on market making agreements with Straumur-Burdaras Investment Bank hf. ("Straumur").

8 December 2008

Earlier announcement included a numerical error in the terms of the
market making agreement with Nýi Kaupþing banki hf.

Kaupthing Bank hf. Landsbanki Íslands hf. and Glitnir hf. have ceased
market making for Straumur.

Straumur and Nýi Kaupþing banki hf (Kaupþing) have signed a Market
Making Agreement where Kaupþing acts as market maker for shares
issued by Straumur on NASDAQ OMX Iceland as of 10 December 2008.

The purpose of the agreement is to facilitate trading and improve
liquidity in the shares of Straumur on the NASDAQ OMX
Iceland in order to promote the development of market price and to
encourage effective and transparent price formation.

The terms of the market making agreement are as follows:
Kaupþing is committed to make daily bid and offer quotes on all
trading days for a minimum of 1.000.000 shares in Straumur at a price
decided by Kaupþing.

Maximum bid/ask spread shall not exceed 1.25% and the deviation from
the last transaction price shall not exceed 3.0%.

Kaupþing secures the amount of the total trade for one day to be at
nominal price at a minimum ISK 25.000.000.

For further information contact;
Georg Andersen
Head of Corporate Communications
Mobile: +354 858 6707
georg@straumur.com