Issuer: VBS Investment Bank ID 621096-3039 Sudurlandsbraut 18 108 Reykjavik, Iceland Date of admission: 27.12.2007 Symbol: VBS 08 0111 ISIN-code: IS0000015691 Orderbook ID: 51501 Bond type: Bank bill Market: OMX ICE DP Fixed Income Size limits: 2.150.000.000 Issued: 2.150.000.000 Denomination: 5.000.000 Issue date: 05.10.2007 First due date: 11.01.2008 Number of due dates: 1 Maturity date: 11.01.2008 Interests calculated from: na First interest payment date: na Number of interest payments: na Interest: na Indexed: na Name of index: na Base index value: na Dirty price / Clean price: na Day count convention: Actual/360 Call option: na Put option: No ConvertibIssuer: (Name, ID, Address, Postcode) VBS Investment Bank ID 621096-3039 Sudurlandsbraut 18 108 Reykjavik, Iceland Date of admission: 27.12.2007 Symbol: VBS 08 0111 ISIN-code: IS0000015691 Orderbook ID: 51501 Bond type: Bank bill Market: OMX ICE DP Fixed Income Size limits: 2.150.000.000 Issued: 2.150.000.000 Denomination: 5.000.000 Issue date: 05.10.2007 First due date: 11.01.2008 Number of due dates: 1 Maturity date: 11.01.2008 Interests calculated from: na First interest payment date: na Number of interest payments: na Interest: na Indexed: na Name of index: na Base index value: na Dirty price / Clean price: na Day count convention: Actual/360 Call option: na Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): No Securities depository: Icelandic Securities Depository Issued electronically: Yes OMX ICE member responsible for admission to trading: VBS Investment Bank, ID 621096-3039 le: No Market making: No Credit Rating (rating agency, date): No Securities depository: Icelandic Securities Depository Issued electronically: Yes OMX ICE member responsible for admission to trading: VBS Investment Bank, ID 621096-3039