Kaupthing Bank A shareholders' meeting in Reykjavik Savings Bank hf. (SPRON) has confirmed the merger schedule signed by the board of directors of SPRON and the board of directors of Kaupthing Bank hf. on 1 July 2008.

The merger is however still subject to the approvals of the Icelandic Financial Supervisory Authority and the competition authorities, cf. press release from July 1.

For further information please contact: Jónas Sigurgeirsson, Chief Communications Officer, +354 444 6112 or ir@kaupthing.com

About Kaupthing Bank Kaupthing Bank is a Northern European bank offering integrated financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients.

The Bank operates in all of the Nordic countries (Denmark, Finland, Iceland, Norway and Sweden) and in 6 other countries in Europe (the UK, Luxembourg, Belgium, Switzerland, Germany and the Isle of Man), as well as the US, the Dubai International Financial Centre (DIFC) and the Qatar Financial Centre (QFC). In Denmark, Kaupthing Bank operates under the name FIH Erhvervsbank. www.kaupthing.com

Kaupthing Bank

http://www.kaupthing.com

ISIN: IS0000001469

Stock Identifier: XOME.KAUP

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