Kaupthing Bank hf. requests delisting

The resolution committee of Kaupthing Bank hf. has sent a request to
the OMX Nordic Exchange in Iceland that the company's shares be
removed from trading in accordance with Article 24, paragraph 2, of
Act no. 110/2007 on Stock Exchanges.

The request is made on the basis of a letter from the board of
directors of Kaupthing Bank hf. to the Icelandic Financial
Supervisory Authority (FME) dated 8 October 2008 in which the board
of directors tendered its resignation and requested that the FME take
control of the bank in accordance with Act no. 125/2008 on the
Authority for Treasury Disbursements due to Unusual Financial Market
Circumstances.