Straumur-Burðarás Fjárfestingabanki hf. - Company Announcement

- STRAUMUR‘S DEPOSITS TRANSFERRED TO ÍSLANDSBANKI

As of today, Straumur-Burdaras Investment Bank hf. (Straumur) has disposed its
Icelandic deposit obligations to Íslandsbanki hf. Deposits created in relation
to settlement of prior debts before maturity are excluded. Straumur has issued
a bond collateralized on its available assets in consideration of this
transfer. Furthermore, Straumur has successfully secured access to funds to
meet obligations towards depositors in its Danish branch - these deposits will
be paid as and when they fall due. Due to this arrangement, any uncertainty
regarding the interests of Straumur‘s depositors has been eliminated and their
equality preserved. 

For further information contact:
Georg Andersen
Head of Corporate Communications
Tel: +354 585 6707
georg@straumur.com