Moody's Investors Service has announced that the Aa3/C ratings of
Kaupthing Bank hf ("Kaupthing") remain under review for possible
downgrade. Kaupthing was placed on review following the announcement
of the acquisition of NIBC in August 2007. At the same time, Moody's
has maintained NIBC rating of Baa1 on review for possible upgrade.
Further information:
Gudni Adalsteinsson - Chief Treasurer, + 354 444-6126
Jónas Sigurgeirsson - Chief Communications Officer, +354 444-6112
Moody's maintains review on Kaupthing
| Source: Kaupthing Bank