Landsbanki's acquisition of Bridgewell Group plc is now complete. The scheme of arrangements for Landsbanki's proposed takeover of Bridgewell Group plc was sanctioned by the High Court of England and Wales on Monday, 30 July 2007. On Wednesday, 8 August, the High Court confirmed the reduction of capital of Bridgewell Group plc which forms part of the scheme of arrangements. Accordingly, the scheme of arrangements has become effective af of today 9 August 2007. As a part of this transaction, the Board of Directors of Landsbanki has resolved to increase Landsbanki's share capital of ISK 172,076,284 nominal value. Landsbanki will use the new shares as the Landsbanki share component (90%) of the total price payable by Landsbanki for Bridgewell. The Landsbanki share price for this purpose was fixed on 27 July 2007 at 39.4 and the exchange rate of ISK/GBP was fixed at 124.99, giving a ratio of 3.56888 new Landsbanki shares for each Bridgewell ordinary share. The new Landsbanki shares were issued on 8 August 2007 and listed on the OMX Nordic Exchange in Iceland on 9 August 2007. As of 10 August 2007, Bridgewell will be included in Landsbanki's consolidated accounts. The operations of Teather & Greenwood and Bridgewell will be combined under the Landsbanki brand name to form Landsbanki Securities UK. This will be achieved by transferring Bridgewell from the Landsbanki parent company to Teather & Greenwood and re-branding the joint operations of both companies as Landsbanki Securities UK. For further information please 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. • Landsbanki Securities UK - Nick Stagg, CEO, Tel +44 (0)207 426 7719 • Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 / mob: +44 7711 264 157.