- Market Making Agreement - KAUP 08 0914


Kaupthing Bank will act as market maker for the bonds on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 200 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 400 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.20%. The market making
agreement may be terminated at a minimum of one month's notice.