His Highness Sheikh Mohammed Bin Khalifa Al-Thani acquires 5% stake in Kaupthing Bank

Q Iceland Finance ehf., a wholly owned subsidiary of Q Iceland
Holding ehf., a company owned by His Highness Sheikh Mohammed Bin
Khalifa Al-Thani, has acquired a 5.01% stake in Kaupthing Bank hf. Q
Iceland Finance acquired 37.1 million existing shares at the price of
ISK 690 per share, thus becoming the third largest shareholder of
Kaupthing.

H.H. Sheikh Mohammed is a member of the royal family which has been
the governing family of Qatar since the nineteenth century.

H.H. Sheikh Mohammed:"We have followed Kaupthing closely for some time and consider this
to be a good investment. Kaupthing's position is strong and we
believe in the bank's strategy and management team, as Kaupthing has
performed well in the current market turbulence and has proven it can
change and adapt to a new reality in banking. We view our stake in
Kaupthing as a long-term investment and look forward to a close
relationship with the bank in the future."

Sigurdur Einarsson, Chairman:"We are delighted to welcome H.H. Sheikh Mohammed Bin Khalifa
Al-Thani as a shareholder of Kaupthing Bank. We are continually
focused on attracting new investors to the bank and we are happy to
see that our strategy of increasing the diversity of our shareholder
base has proven fruitful. We look forward to working with H.H. Sheikh
Mohammed in the future."


For further information please contact:
Jónas Sigurgeirsson, Chief Communications Officer, tel: +354 444 6112
or ir@kaupthing.com

For UK Media inquiry:
Anita Scott, Bruncwick Group, tel: +44 207 404 5959 or
ascott@brunswickgroup.com



About Kaupthing Bank
Kaupthing Bank is a Northern European bank offering integrated
financial services to companies, institutional investors and
individuals. These services include corporate and retail banking,
investment banking, capital markets services, treasury services,
asset management and comprehensive wealth management for private
banking clients.

The Bank operates in all of the Nordic countries (Denmark, Finland,
Iceland, Norway and Sweden) and in 7 other countries in Europe (the
UK, Luxembourg, Belgium, Switzerland, Austria, Germany and the Isle
of Man), as well as the US, the Dubai International Financial Centre
(DIFC) and the Qatar Financial Centre (QFC). In Denmark, Kaupthing
Bank operates under the name FIH Erhvervsbank.
www.kaupthing.com