A shareholders meeting in SPRON held today, the 6 August 2008 on the merger schedule of SPRON and Kaupthing was approved. Total votes at the meeting was 3.514.592.047, there of was 2.940.908.943 votes with the merger, 570.550.634 votes was against the merger and 3.132.470 was empty or/and not approved. Shareholders of 218.548.878 votes did not use their voting rights. For the merger schedule to be approved 67% or 2/3 of the votes at the meeting was needed, the merger schedule was approved by 78.78% of the votes. The merger is also subject to the approval of the Icelandic Financial Supervisory Authority and also subject to the competition authorities not rejecting it or imposing conditions which the boards of directors of the companies consider unacceptable or which would make it inevitable to resubmit the merger proposal to a SPRON shareholders' meeting. The creditors' approval of the merger has already been obtained. Fur further information pleasse contact: Gudmundur Hauksson, CEO of SPRON, tel: +354 550 1213 Soffia Sigurgeirsdottir, Head of Investor Relations, tel: +354 550 1246