The Icelandic Financial Supervisory Authority (FME) has decided on the disposal of deposits with Straumur Burdaras Investment Bank hf. (Straumur) with respect to deposits in the bank's Reykjavík Office. The Deposits will be allocated to Íslandsbanki hf. according to the balance and interest earned on the date of the takeover, which will be 20 March 2009, subject to certain limitations specified in the FME's decision. Terms for the deposits in question regarding duration, interest terms, currency, et cetera will remain unchanged with Íslandsbanki hf. According to the FME's decision Straumur will issue a bond as a repayment for the deposit obligations taken over by Íslandsbanki hf. According to the FME all assets of Straumur will be put as a collateral for the bond. Information on the FME's decision can be found on its website: http://www.fme.is/?PageID=581&NewsID=402
- The Icelandic Financial Supervisory Authority's decision on the disposal of deposits with Straumur
| Source: Straumur-Burðarás Fjárfestingabanki hf.