Kaupthing Bank has signed an agreement to acquire a 20% stake in the Indian investment services company FiNoble Advisors Private Ltd. (FiNoble) with an option to acquire the remaining 80% in five years. The investment creates a foothold for Kaupthing in the fast growing Indian financial market. FiNoble was founded in 2004 and presently operates out of its office in New Delhi. It has 25 employees and its main emphasis is on traditional M&A advisory services. FiNoble focuses on advising Indian companies on acquisitions in Europe and US and non-domestic firms on entry into the Indian market. Kaupthing made an investment in the company to acquire the 20% stake. Kaupthing will treat FiNoble as an associated company in it's accounts. The acquisiton will have an insignificant effect on Kaupthing's results this year. For further information please contact: Jónas Sigurgeirsson, Chief Communications Officer, tel 354-444-6112 or ir@kaupthing.com Henrik Gustafsson, Director, Business Development, tel +44 203 205 5056.