Presentation of Landsbanki Annual Financial Results in London 29 January at 11 am UK time

Landsbanki announced its full year financial results after market closing on
Monday, 28 January 2008.  Highlights can be found below and attached are the
Consolidated Financial Statements, Press Release, the London presentation and
the accounts in Excel. 

Mr Sigurjón Þ. Árnason and Mr Halldór J. Kristjánsson, joint CEOs of
Landsbanki, will present Landsbanki's Q4 2007 results to analysts and
investors, followed by a Q&A session today in London. Conducted in English, the
presentation will be available live on www.landsbanki.com, where relevant data
and presentation material will be posted simultaneously. 

Time: 11 am UK (11am GMT and 12 pm CET)
Venue:  Merchant Taylors Hall, 30 Threadneedle Street, London, EC2R 8JB.
Registration: Due to strict and time-consuming security controls please  make
sure to complete your registration on
http://www.landsbanki.is/english/registration/q42007results 

Live webcast and Conference call
For those who wish to join the meeting remotely, a webcast of the presentation
can be accessed on www.landsbanki.com/ir. A dial-in will also be available - if
you wish to participate please call +44 (0) 1452 567 098 at least 10 minutes
prior to the start. 

Replay and presentation material
All presentation material, plus a replay of the webcast and a podcast of the
telephone conference, will subsequently be available and archived on
www.landsbanki.com/ir under reports and financials. 


Highlights of the Consolidated Annual Financial Statements of Landsbanki for
2007 

         Profit in 2007 amounted to ISK 39.9 billion (bn) (EUR 456m) The bank's
pre-tax profit was ISK 45.6 bn (EUR 520m). After-tax ROE was 27%. 
         The group's core income (net interest income plus fees and
commissions) amounted to ISK 93.4 bn (EUR 1.1bn) in 2007, an increase of 34%
over the previous year. 
         Core earnings generation is steadily becoming more diversified; the
share of core earnings originating abroad in 2007 was 52%, compared to 49% in
2006. 
         Fees and commissions amounted to ISK 39.4bn (EUR 449m) compared to ISK
28.4bn in 2006. 
          Trading and investment income amounted to ISK 16.6bn (EUR 189m)
compared to ISK 19.6bn in 2006. 
         The bank's liquidity position is very strong, with liquid assets of
close to EUR 9bn at year-end 2007. Foreign debt maturing in 2008, however,
amounts to only EUR 0.8bn. 
          The bank's total assets amounted to ISK 3,058bn (EUR 33.4bn) at
year-end 2007 compared with ISK 2,173bn at the beginning of the year. 
         Loans to customers at year-end 2007 totalled ISK 2,023bn (EUR 22.1bn).
Customer deposits, on the other hand, amounted to ISK 1,421bn (EUR 15.5bn) or
close to ¾ of total lending. Customer deposits have increased by 108% during
the year. 
          Landsbanki has no direct or indirect exposure to structured credit
obligations (such as CDOs, SIVs and CLOs) in its loan portfolio. 
          The bank's capital ratio (CAD rules) was 11.7% at year-end 2007. Tier
1 capital was 10.1%. 

Highlights of Q4 2007:


          The bank's after-tax profit in Q4 was ISK 4.9bn (EUR 56m).
          Net income from operations in Q4 was ISK 24.8bn (EUR 283m).
          The Bank's net interest income was ISK 15.2 bn (EUR 174m) in Q4, as
compared with ISK 14.4bn in Q3 2007. 
          Fees and commissions in Q4 were ISK 9.7bn (EUR 110m).
          The group's core earnings of ISK 24.9bn (EUR 284m) were the highest
ever in a single quarter. 

CEO Sigurjón Þ. Árnason:

"Landsbanki's operations were very successful in 2007, with a profit of ISK
40bn and ROE of 27%. The group's income generation is becoming steadily more
diversified, in addition to which the ROE of its pre-tax core earnings has been
steady at around 24-26%. The bank's liquidity position is strong, due in
particular to the strong growth of its foreign deposit programmes. Foreign bond
issues maturing in 2008 are relatively insignificant at EUR 800m, compared to
the bank's liquid assets, which are close to EUR 9bn. Furthermore, Landsbanki's
loan portfolio is high quality and the bank has no structured credit exposures
such as CDOs, SIVs, etc. The unusual circumstances currently prevailing on
international financial markets actually present opportunities for banks like
Landsbanki." 

CEO Halldór J. Kristjánsson:

"The positive results of a variety of actions taken in recent quarters are
clearly evident in Landsbanki's 2007 performance. Market risk has been reduced,
risk on the bank's loan portfolio is well diversified and the bank's funding
situation is strong. Deposits currently amount to ¾ of customer lending, and
close to 150,000 customers have accounts under Landsbanki's Icesave on-line
deposit programme in the UK. New products were introduced in Icesave this year,
with the result that 14% of deposits are now term deposits rather than easy
access savings. This ensures further risk diversification of group deposits. In
Q4 Landsbanki concluded a USD 400m subordinated loan, providing additional
reinforcement for its equity position; the bank's capital ratio and liquidity
are currently among the best anywhere in Northern Europe. The ongoing
integration of operating units has proceeded well this year, with the bank
placing emphasis on presenting a clear picture of its own activities and the
general economic situation in Iceland in times of global financial market
turbulence." 

The annual financial statements of Landsbanki Íslands hf. for 2007 are
available on the bank's website, www.landsbanki.com 

For further information contact Landsbanki's CEOs:
Sigurjón Th. Árnason, Tel. +354 410-4009 / +354 898 0177 and Halldór J.
Kristjánsson, Tel. +354 410 4015 / +354 820 -6399.