Major Shareholder Announcement 6 December 2007

Reykjavík, Sweden, Dec 7, 2007 - (Hugin via ABN Newswire) - Name of party notifying: Gnúpur Fjárfestingafélag hf.

Address of the party notifying: Laugavegur 182, 105 Reykjavík

Date of transaction: 6.12.2007

Number of shares in transaction: 4,603,687

Number of shares before the transaction: 39,733,238

Number of shares after the transaction: 35,129,551

Holdings of total nominal value before the transaction %: 5.37%

Holdings of total nominal value after the transaction %: 4.74%

Additional information: The stake is being sold to one of Gnupur's shareholders Smáey ehf, controlled and owned by Magnus Kristinsson. Gnupur's shareholders are: Brekka Investment Company (held by Thordur Mar Johannesson): 5.6% - Companies controlled and owned by Magnus Kristinsson (Smáey, Suðurey) Total: 43.7%, - Companies controlled and owned by Kristinn Björnsson & family (Eignarhaldsfélagið SKE-II and Eignarhaldsfélagið SK-II) Total: 43.7% and BK-42 ehf. (held by Birkir Kristinsson) 7.0%

Copyright © Hugin ASA 2007. All rights reserved.

Kaupthing Bank

http://www.kaupthing.com

ISIN: IS0000001469

Stock Identifier: XOME.KAUP