Glitnir banki hf. - Company Announcement

Shareholders meeting

Press release

Reykjavik, Iceland 30 September 2008

The Board of Directors of Glitnir Bank have agreed to call a
shareholders' meeting at the earliest convenience to vote on the
Icelandic government's offer to buy new equity in the Bank in the
amount of 600 million euros. If approved the government will hold a
75% share in Glitnir Bank.

Further information:
Thorsteinn Mar Baldvinsson, Chairman of the Board of Glitnir Bank
through +354  440 4005

Sigrun Hjartardottir, Head of Investor Relations through e-mail
 sihj@glitnir.is  or phone +354 440 4748

Bjorn Richard Johansen, Managing Director of Global Corporate
Communications, through e-mail brj@glitnir.no or phone +47 47 800 100

Attachments:

300908 Press release.docx