Major shareholder announcement 6 December 2007

Name of party notifying: Gnúpur Fjárfestingafélag hf. Address of the party notifying: Laugavegur 182, 105 Reykjavík Date of transaction: 6.12.2007 Number of shares in transaction: 4,603,687 Number of shares before the transaction: 39,733,238 Number of shares after the transaction: 35,129,551 Holdings of total nominal value  before the transaction %: 5.37% Holdings of total nominal value after the transaction %: 4.74% Additional information:
The stake is being sold to one of Gnupur’s shareholders Smáey ehf, controlled and owned by Magnus Kristinsson.  Gnupur’s shareholders are: Brekka Investment Company (held by Thordur Mar Johannesson): 5.6% – Companies controlled and owned by Magnus Kristinsson (Smáey, Suðurey) Total: 43.7%, – Companies controlled and owned by Kristinn Björnsson & family (Eignarhaldsfélagið SKE-II and Eignarhaldsfélagið SK-II) Total: 43.7% and BK-42 ehf. (held by Birkir Kristinsson) 7.0%

Straumborg ehf., a company financially related to Brynja Halldórsdóttir, a board member of Kaupthing Bank hf., has today, 11 December 2007, bought 7,404,531 shares in the Bank at the price of 867 ISK per share. Brynja Halldórsdóttir owns 9,206 shares in the Bank. Parties financially related to Brynja Halldórsdóttir own 26,334,079 shares in the Bank after the transaction.