As of today, Straumur-Burdaras Investment Bank hf. (Straumur) has disposed its Icelandic deposit obligations to Íslandsbanki hf. Deposits created in relation to settlement of prior debts before maturity are excluded. Straumur has issued a bond collateralized on its available assets in consideration of this transfer. Furthermore, Straumur has successfully secured access to funds to meet obligations towards depositors in its Danish branch - these deposits will be paid as and when they fall due. Due to this arrangement, any uncertainty regarding the interests of Straumur‘s depositors has been eliminated and their equality preserved. For further information contact: Georg Andersen Head of Corporate Communications Tel: +354 585 6707 georg@straumur.com