Glitnir banki hf. - Changes in company's own shares

Convertible bonds, 18 March 2008.

DaterNafn/Name:
Glitnir banki hf.

Dagsetning viðskipta/Date of transaction:
18. mars 2008 / 18 March 2008 

Kaup eða sala/Buy or Sell:
Sala/Sell

Tegund fjármálagernings/Type of instrument:
Breytanleg skuldabréf / Convertible bonds

Fjöldi hluta/Number of shares:
15.000.000.000 ISK (nafnvirði) / (nominal value)

Gengi/Verð pr. Hlut/Price:
Sjá skýringar / See Reason for transaction

Fjöldi hluta eftir viðskipti/Primary insider's holdings after the transaction:
Sjá skýringar / See Reason for transaction

Dagsetning lokauppgjörs/Date of settlement:
Sjá skýringar / See Reason for transaction

Ástæður viðskipta/Reason for transaction:
Vísað er til fréttatilkynninga Glitnis banka hf. um sölu á breytanlegum skuldabréfum sem birtar hafa verið í Kauphöll m.a. þann 18. mars 2008.  Auk þess er vísað til skilmála skuldabréfsins.  Útgáfa skuldabréfanna og heimild til hækkunar hlutafjár er háð samþykki hluthafafundar Glitnis banka hf. sem haldinn verður 19. mars 2008 kl. 9.00.

See Press Releases / announcements from Glitnir banki hf. regarding Glitnir's issue of convertible bonds that have been announced to the OMX Stock Exchange e.g. on 18 March 2008.  We also refer to the terms of the bonds.  The issue of the bonds and the authorisation for the increase in share capital is subject to the approval of a shareholders' meeting, which will be held on 19 March 2008 at 9 a.m.