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

- Date of transaction 21.6.2007

Name	
Glitnir banki

Date of transaction	
21.6.2007

Buy or Sell	
Buy

Type of instrument	
Equities

Number of shares	
171.000.000

Price	
Sjá tilkynningu

Primary insider's holdings after the transaction	
Sjá tilkynningu

Date of settlement	
Sjá tilkynningu

Reason for transaction	
With reference to a notification about with Glitnir bank's  compensation 
policy, published in the OMX news system the 8 of June 2008.  To meet its
obligations according to the beformentioned compensation policy the company has
commited itself to hand over 171 milljon shares in Glitnir bank on the period
that the plan sets out.