SPRON finalises subordinated loan for ISK 5 billion


SPRON finalises a subordinated loan for ISK 5 billion from Kaupthing.  The loan
will mature in 10 years.  The purpose of the funding is to strengthen the
Group's CAD ratio further. 

For further information please contact:

Valgeir M. Baldursson, Director of Finance
Tel: + 354 550 1774/ +354 897 8939