- Moody's affirms Landsbanki ratings following Bridgewell acquisition

Today, Moody's affirmed the ratings of Landsbanki unchanged at long-term ‘Aa3',
short-term ‘P-1', individual ‘C' with stable outlook. The affirmation follows
Landsbanki's announced acquisition of UK brokerage and investment bank
Bridgewell. 
 
For further information, please find attached the press release by Moody's
issued 22 May 2007. 
 
 
For further information contact:
Landsbanki's CEOs Sigurjón Th. Árnason, Tel. +354 410-4009 / +354 898 0177 and
Halldór J. Kristjánsson, Tel. +354 410 4015 / +354 820 6399. 
Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 /
mob: +44 7711 264 157.