Glitnir banki hf. - Company Announcement

-Glitnir Bank hf. signs a market making agreement with Saga Capital Investment bank hf.

Saga Capital Investment Bank hf. and Glitnir bank hf. have signed a Market
Making Agreement where Saga Capital acts as market maker in for shares issued
by Glitnir Bank hf. Saga Capital will make daily bid and ask offers in Glitnir
in order to facilitate trading in the company's shares on the OMX Nordic
Exchange in Iceland. 

Saga Capital will make daily bid and ask offers in Glitnir (GLB) for a minimum
of ISK 2,000,000 at nominal value at a price determined by Saga Capital at all
times. The offers will be made before the market opens each day of trading and
will be valid until the end of trading the same day. The maximum bid-ask spread
shall not exceed 0,8%. The deviation from the last transaction price shall not
exceed 3%. The maximum obligated total trades per day is ISK 200,000,000 at
market value. If Saga Capital's offers are accepted or cancelled Saga Capital
is obligated to make new offers as soon as possible or until maximum obligated
total trades for each day have been reached. 

The agreement is effective as of Tuesday 18th December 2007. 
 
For further information, please contact Vala Pálsdóttir, Head of Investor
Relations, tel.: +354 440 4989