Byr Savings banks and Glitnir Bank cancel merger negotiations

Reykjavik, Iceland 30 September 2008


The Board of Directors of Byr Savings Bank have on September 29 2008
decided to cancel merger negotiations with Glitnir Bank.


Further information:

Sigrun Hjartardottir, Head of Investor Relations through e-mail
sihj@glitnir.is or phone +354 440 4748