Issuer: KFF Institutional Investor Fund Kt. 460606-2330 Borgartún 19 105 Reykjavík Date of admission: 27 December 2007 Symbol: KFF44 ISIN-code: IS0000016525 Orderbook ID: 51511 Bond type: Index linked bonds bearing 3.75% interests Market: OMX ICE DP Fixed Income Size limits: Unlimited Issued: 2,300,000,000 ISK Denomination: 115,000,000 ISK Issue date: 9 January 2007 First due date: 20. December 2024 Number of due dates: 40 Maturity date: 20 June 2044 Interests calculated from: 20 June 2024 First interest payment date: 20 December 2024 Number of interest payments: 40 Interest: 3.75 per cent per annum Indexed: Yes. Name of index: Consumer Price Index (the "CPI") Base index value: 266.20 Dirty price / Clean price: Dirty price. Day count convention: 30/360 Call option: Yes, according to paragraph 5, subparagraph b of the bonds the issuer is entitled to redeem the note after 20 June 2024 subject to certain conditions precedent. Put option: No. Convertible: No. Market making: No. Credit Rating (rating agency, date): No. Securities depository: Icelandic Securities Depository. Issued electronically: No. OMX ICE member responsible for admission to trading: Kaupthing Bank hf.