Presentation of Second Quarter Results

Kaupthing Bank will publish its second quarter results for 2007
before markets open on Wednesday 25 July.

A presentation for shareholders and market participants will be held
in Reykjavik on the same day, 25 July, at Nordica Hotel.  The
presentation will start at 8:30 am local time (10:30 am CET) and will
be held in English. Hreidar Már Sigurdsson, Chief Executive Officer
of Kaupthing Bank, will present the Bank's results and answer
questions.

Webcast and Conference Call
The event is available via live webcast at www.kaupthing.com/ir or
via conference call. Dial-in numbers: UK +44 (0) 203 043 24 36, US +1
866 458 40 87, Sweden +46 (0)8 505 598 53.

The presentation and material will be available following the meeting
on Kaupthing Bank's website www.kaupthing.com.

For further information please contact Ólöf Pálsdóttir, Deputy Head
of Investor Relations at +354 444 6569 or send an e-mail to
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 banking, investment
banking, capital markets services, asset management and comprehensive
wealth management for private banking clients. The Bank operates in
ten countries, including all the Nordic countries, Luxembourg,
Switzerland, the UK and the US. In addition the Bank operates a
retail franchise in Iceland, where it is headquartered.

Kaupthing Bank is currently among the seven largest banks in the
Nordic region in terms of market capitalization. Through sound
organic growth and strategic acquisitions like the UK bank Singer &
Friedlander in 2005 and FIH Erhvervsbank in Denmark in 2004,
Kaupthing Bank has fortified its position to provide outstanding
services to its client base in the UK, the Nordic countries and
elsewhere in northern Europe. The Bank has 2,719 employees and total
assets of EUR 42.9 billion (as of 31 December 2006).
www.kaupthing.com