Landsbanki Íslands hf. has today performed stock option agreements with key employees for 79,510,000 shares. The agreements date from 2003 and 2004. The option share prices are ISK 3.12 for 72,550,000 shares, ISK 5.1 for 3,000,000 shares and ISK 6.1 for 3,960,000 shares, after adjusting for dividends paid during the term of the agreements. In accordance with the disclosure requirement under Article 64 of Act No. 33/2003 on Securities Transactions, it is hereby disclosed that Landsbanki has performed a stock option agreement from 2003 with Ársæll Hafsteinsson, Managing Director of Landsbanki's Legal Division, who has exercised his call option for 6,000,000 shares in Landsbanki at a share price of ISK 3.12. In parallel with exercising this option, Mr Hafsteinsson sells shares in order to, among other things, meet the payment of the purchase price and income tax of 35.72% at today's closing price of ISK 31,8. After these transactions, Mr Hafsteinsson holds 478.397 shares in Landsbanki, in addition to unexercised stock options for 24,000,000 shares. Mr Hafsteinsson and financially related parties held no shares in the bank before the transactions. In addition, Landsbanki has performed a stock option agreement from 2003 with Yngvi Örn Kristinsson, Managing Director of Securities and Treasury, who has exercised his call option for 9,000,000 shares at the share price of ISK 3.12. In parallel with exercising this option, Mr Kristinsson sells shares in order to, among other things, meet the payment of the purchase price and income tax of 35.72% at today's closing price of ISK 31,8. After these transactions, he holds 3.016.338 shares in Landsbanki. He also has unexercised stock options to purchase 21,000,000 shares in the bank. Mr Kristinsson and financially related parties held no shares in Landsbanki before the transaction.