Lánamál ríkisins - Company Announcement

Capitalisation of Islandsbanki and New Kaupthing and update regarding Landsbanki

Further to the announcement of 20 July 2009 and following shareholder meetings
of Islandsbanki and New Kaupthing today, the Government of Iceland is pleased
to announce that it has committed to capitalise Islandsbanki and New Kaupthing
on the basis of compensation agreements which are in the process of being
finalised with the Resolution Committees of Glitnir and Kaupthing. Islandsbanki
and New Kaupthing are being capitalised with ISK 65 bn and ISK 72 bn of tier 1
capital respectively in the form of Government bonds, giving each bank a core
tier 1 ratio of approximately 12 per cent. 

Read more at Ministry of Finance:
http://www.ministryoffinance.is/Frontpage-fjr/nr/12400