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Glitnir Banki hf Kirkjusandur 2 155 Phone: 440-4000 Reykjavik  Iceland Ticker: GLB On 10/14/2008, Glitnir Banki hf said that Glitnir Corporation (Glitnir Finland), a wholly owned subsidiary of Glitnir banki hf., has been acquired by Glitnir Finland's management. The decision comes as a conclusion of discussions that have taken place between the parties, as well as with the Finnish Financial Supervision Authority, and is done with their understanding. Glitnir Finland is expected to be renamed under the FIM brand. The seller and the buyer have agreed to keep the acquisition consideration confidential. This company is no longer actively traded on any major stock exchange.

Business Summary Glitnir banki hf (the Bank) is an Iceland-based bank. Its home markets comprise Iceland and Norway, and it is also active in Finland, Sweden, Denmark, the United Kingdom, Luxembourg, the United States, Canada, Chile, China and Russia. The Bank’s operations are divided into seven business areas: Retail Banking provides banking services to private customers and small and medium-sized enterprises (SME); Corporate Banking offers financing services to corporate clients; Investment Banking operates corporate finance units in the Nordic countries, the United Kingdom, Russia, the United States and China, as well as an equity investments unit in Iceland; Markets’ activities include sales, research and brand-named trading; Investment Management specializes in asset management and structured products; Treasury is responsible for the Company’s treasury operations, and Niches includes three markets: seafood/food, sustainable energy and offshore service vessels.

Financial Information Financial Ratings: FRISK Score Latest Financial Statements and Analyses: 6/30/2008    Annual Financials    Quarterly Financials     Current Fiscal Period: 2Q 2008 Fiscal Year End: December Last Audit: 12/31/2007 Auditors: PricewaterhouseCoopers LLP Audit Opinion: Unqualified

Industries Type Code Description Sector FINANC Financial Industry BANKSL S&Ls/Savings Banks SIC 6035 Savings Institutions, Federally Chartered 6020 COMMERCIAL BANKS 6021 National Commercial Banks NAICS 52212 Savings Institutions 52211 Commercial Banking

Management Title Name Age Title Date Start Date Chairman of the Board Thorsteinn M. Jonsson 45 4/30/2007 4/30/2007 Chief Executive Officer Larus Welding   4/30/2007 4/30/2007 Vice Chairman of the Board Jon Sigurdsson 52 1/1/2007 1/1/2007 15 additional Management records available in full report.

Business Names Business Name FIM Group Glitnir Bank Glitnir Bank Islandsbanki hf Leimdorfer Holding AB

General Information Number of Employees: 2,202 (As of 12/31/2007) Outstanding Shares: 14,525,000,000 (As of 6/30/2008) Shareholders: 11,020 (As of 12/31/2007) Stock Exchange: ICE Fax Number: () 440-4001

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