ICEQ comprised the following at the end of 24rd May 2007:


ISK	10.649.416	
365	8.528.170	
A	13.915.825	
ACT	8.908.819	
ATOR	11.969.522	
BAKK	7.105.585	
FL	14.039.982	
GLB	39.351.290	
HFEIM	2.114.086	
KAUP	2.453.196	
LAIS	35.962.334	
MARL	634.149	
MOSAIC	9.526.801	
OSSR	675.358	
STRB	27.662.217	
FO-ATLA  5.282	
ICEQ		3.164.681

Investors are advised to read the ICEQ prospectus on Kaupthing Bank's Fund
Center, www.kbsjodir.is, or on the news page of the Iceland Stock Exchange:
http://news.icex.is/newsservice/MMIcexNSWeb.dll/newspage?language=IS&pagetype=sy
mbolnewslist&primarylanguagecode=IS&newsnumber=30035. 

Rekstrarfélag Kaupþings banka hf.