Sparisjóður Mýrasýslu - Company Announcement

- SPM Savings Bank converts subsidiaries debt to equity

SPM Savings Bank converts subsidiaries debt to equity. Afl Savings bank dept of
ISK 500 million was converted to equity and Savings Bank of Ólafsfjörður debt
of ISK 330 million was changed to equity. With these actions SPM has secured
the financial position of these subsidiaries. 

For further information please contact SPM's ceo, Bernhard Bernhardsson,
bernhard@spm.is