Issuer: Avant hf. Kt. 561205-1750, Suðurlandsbraut 12, 108 Reykjavík Date of admission: 10.10.2007 Symbol: AVAN 08 0125 ISIN-code: IS0000015238 Orderbook ID: 43087 Bond type: Bill, bullet Market: OMX ICE Fixed Income Size limits: 2,100,000,000.- ISK Issued: 2,100,000,000.- ISK Denomination: 5,000,000.- ISK Issue date: 25 July 2007 First due date: 25 January 2008 Number of due dates: 1 Maturity date: 25 January 2008 Interests calculated from: N/A First interest payment date: N/A Number of interest payments: N/A Interest: N/A Indexed: No Name of index: N/A Base index value: N/A Dirty price / Clean price: N/A Day count convention: Act/360 Call option: No Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): N/A Securities depository: Icelandic Security Depository Issued electronically: YES OMX ICE member responsible for admission to trading: Kaupthing Bank hf.