Kaupthing Bank: No indication of government intervention

Following the extraordinary legal measures taken by the government
last night, allowing the Icelandic Financial Supervisory Authority
(FME ) to invervene in the operations of Icelandic financial
institutions, Kaupthing would like to clarify the following:

Kaupthing has not been approached by the Icelandic FSA regarding any
intervention in Kaupthing's operations. Furthermore, the Central Bank
of Iceland has provided Kaupthing with a 500 million euro loan to
facilitate operations, and Kaupthing is committed to working with the
government to ensure regular workings of the Icelandic financial
system.

For further information, please contact Jonas Sigurgeirsson, Chief
Communication Officer, +354 444 6112.


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 the Nordic countries, as well as an
ever-growing number of countries throughout Europe, the Middle East
and the United States.
www.kaupthing.com