Name of party notifying: Landsbanki Íslands hf Address of the party notifing: Austurstræti 11 Date of transaction: 29.6.2007 Number of shares in transaction: 253.978.100 Number of shares before the transaction: 792.051.139 Number of shares after the transaction: 538.073.039 Holdings of total nominal value before the transaction %: 7,19% Holdings of total nominal value after the transaction %: 4,88% Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information: After the transaction a total of 366.627.868 shares, a 3,33% stake, is held in Landsbanki's books as a hedge against forward contracts.