Landsbanki has acquired the remaining shares of Kepler Equities SA, now Kepler Equities│Landsbanki. As announced in September 2005, Landsbanki acquired 81% of the total shares of Kepler, a European securities company, previously known as the Julius Bär Brokerage. This transaction brings to a close Landsbanki's earlier agreement to acquire the remaining shares over a five-year period. The financial effects of the transaction are insignificant. Landsbanki's growth in recent years has been primarily organic, based upon strategically acquired platforms in the UK, Ireland and Continental Europe. The Kepler transaction was instrumental in creating a Pan-European operational platform to accelerate Landsbanki's progress towards developing its corporate and investment banking offering to the mid-cap market in Europe. The bank's unique product line includes access to both the debt and equity markets. For the first time in 2006, more than 50% of Landsbanki's revenues derived from overseas, through diversification of the bank's income streams and broadening both sector and geographic coverage. For further information contact: Landsbanki's CEOs Sigurjón Th. Árnason, Tel. +354 410 4009 / +354 898 0177. Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 / mob: +44 7711 264 157. About Landsbanki - www.landsbanki.com/ir Landsbanki is a growing European bank with total assets of ISK 2,317 billion (EUR 26.4 bn) at 31 March 2007 and a market capitalisation of ISK 421 billion (EUR 5.0 bn) at 29 June 2007. Headquartered in Reykjavik, Iceland, Landsbanki Islands hf. is traded on the OMX Nordic Exchange Iceland under the symbol <LAIS IR>. Landsbanki is rated by Moody's (Aa3 / P-1 / C / Stable) and Fitch (A / F1 / B/C / Stable). Since its establishment in 1886, Landsbanki has been instrumental in the economic development of business and industry in Iceland. Landsbanki has positioned itself as Iceland's primary provider of general and specialised financial services to individuals, corporate entities and institutions. The bank holds a market share of over 30% in all major business segments and has the country's most extensive branch network. Building on its strong foundation in Iceland, Landsbanki has successfully extended its financial operations into new markets, focusing on serving mid-cap corporates in Europe. The bank's unique product line includes access to both debt and equity markets; its research department is among the most comprehensive in Europe, including some 90 analysts covering more than 800 European stocks locally. Landsbanki and its subsidiaries now operate in all major financial centres of Europe, and have North American representation in New York, Winnipeg and Halifax. Through its extensive distribution network, Landsbanki has a strong platform to deliver targeted financial services based on local expertise.
- Landsbanki Acquires Remaining Shares of Kepler Equities│Landsbanki
| Source: Landsbanki Íslands hf.