Name of party notifying Kaupþing banki hf. Address of the party notifing Borgartún 19 Date of transaction 14.2.2007 Number of shares in transaction 3.800.000 Number of shares before the transaction 713.230.407 Number of shares after the transaction 717.030.407 Holdings of total nominal value before the transaction % 4,99% Holdings of total nominal value after the transaction % 5,03% Notification is based on Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information A total of 595,120,730 shares, or 4.20% of GLB´s share capital, are held in Kaupthing Bank´s books as a hedge against forward contracts with clients. A total of 245,000,000 shares, or a 1.72% of GLB´s share capital has been delivered to a counterparty under a repurchase agreement.