- Exercise of stock options


Straumur - Burdaras Investment Bank hf. (“Straumur”) has today consummated
stock option agreements with key employees for 5,666,667 shares. The agreements
date from 2006. The option share prices are ISK 15.43 for 5,333,334 shares, ISK
16.65 for 333,333 shares and ISK, after adjusting for dividends paid during the
term of the agreements.