Reykjavik, 01 October 2008 - Moody's Investors Service today downgraded Glitnir Covered Bond to Aa1 from Aaa. The ratings remain on review for possible further downgrade. For further information contact: Sigrun Hjartardottir, Head of Investor Relations, sihj@glitnir.is , mobile + 354 844 4748 Bjørn Richard Johansen, Managing Director of Global Corporate Communication, brj@glitnir.no mobile +47 47 800 100 About Glitnir Bank Glitnir is a Nordic bank, with headquarters in Iceland and operations in ten countries. Our home markets are Iceland and Norway, where we offer a broad range of financial services, including corporate banking, investment banking, capital markets, investment management and retail banking. Outside of our home markets we have operations in Finland, Sweden, UK, Luxembourg, US, Canada, China and Russia. We will furthermore open an office in India in the second half of 2008. Our international expansion is mainly driven by two specialised industry sectors - seafood and sustainable energy - in which we have developed significant industry expertise built on our Icelandic and Norwegian heritage. Our shares are listed on NasdaqOMX in Iceland under the symbol GLB
Moody's changes rating on Glitnir bond
| Quelle: Glitnir banki hf.