Straumborg ehf., a company which is financially related to Brynja Halldórsdóttir, a member of the Board of Directors of Kaupthing Bank hf., has today, on February 28, 2007, extended a forward contract by closing a previous contract, cf. notice dated 29 December 2006, with a sale of 117,500 shares in the Bank at a price of 882.80 ISK pr. share and by purchasing the same number of shares with a forward contract. The maturity date of the forward contract is 14 March 2007, at which time the shares will be delivered at the price of 888,89 ISK per share. Brynja Halldórsdóttir owns 9,206 shares in the bank. Parties financially related to Brynja Halldórsdóttir own 14,112,048 shares in the bank. Following the transactions parties financially related to Brynja Halldórsdóttir own 4,817,500 shares in the Bank according to forward contracts.