Name of party notifying: Landsbanki Íslands hf Address of the party notifing: Austurstræti 11 Date of transaction: 14.6.2007 Number of shares in transaction: 227.348.591 Number of shares before the transaction: 273.833.273 Number of shares after the transaction: 501.181.864 Holdings of total nominal value before the transaction %: 7,98% Holdings of total nominal value after the transaction %: 14,61% Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information: After the transaction a total of 484.223.099 shares, a 14,12% stake, is held in Landsbanki's books as a hedge against forward contracts.