Talks on participation in the reorganization of Glitnir Bank

Kaupthing Bank hf. has, after consulting the Icelandic authorities,
discussed with the Icelandic Financial Supervisory Authority
Kaupthing's involvement in the reorganization of Glitnir Bank hf.
Further talks will be held over the next several days.

For further information please contact Jónas Sigurgeirsson, Chief
Communications Officer, tel. +354 444 -6112 or 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 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