Name of party notifying Sparisjóður Reykjavíkur og nágrennis Address of the party notifing Ármúli 13a Date of transaction 30.3.2007 Number of shares in transaction 171.357.119 Number of shares before the transaction 686.725.169 Number of shares after the transaction 515.368.050 Holdings of total nominal value before the transaction % 6,34% Holdings of total nominal value after the transaction % 4,75% Notification is based on Art. 33 (1) of the Act no. 33/2003 point(s) no.1.