Issuer:ID 621096-3039 Sudurlandsbraut 18 108 Reykjavik, Iceland Date of admission: 27.12.2007 Symbol: VBS 08 0215 ISIN-code: IS0000015808 Orderbook ID: 51499 Bond type: Bank bill Market: OMX ICE DP Fixed Income Size limits: 1.550.000.000 Issued: 1.550.000.000 Denomination: 5.000.000 Issue date: 15.10.2007 First due date: 15.02.2008 Number of due dates: 1 Maturity date: 15.02.2008 Interests calculated from: Na First interest payment date: Na Number of interest payments: Na Interest: Na Indexed: Na Name of index: Na Base index value: Na Dirty price / Clean price: Na Day count convention: Actual/360 Call option: Na Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): No Securities depository: Icelandic Securities Depository Issued electronically: Yes OMX ICE member responsible for admission to trading: VBS Investment Bank, ID 621096-3039