Changes In Straumur's Management Committee

Straumur - Burdaras hf Following Straumur-Burdaras Investment Bank's appointment of Benedikt Gíslason as MD Head of Capital Markets, Proprietary Trading and Merchant Banking, and subsequently as member of the Bank's Management Committee, Fredrik Sjöstrand and Flemming Bendsen will leave the Bank's Management Committee as of today.

For further information contact: Ólafur Teitur Gudnason VP Media Relations e-mail: olafur.gudnason@straumur.net tel: +354 858 6778

Straumur - Burdaras hf

http://www.straumur.net

ISIN: IS0000000644

Stock Identifier: XICE.STRB