Directors Dealing

| Source: Kaupthing Bank Kaupthing Bank 


Guðný Arna Sveinsdóttir, Managing Director at Kaupthing bank hf. has
today 15 August 2007 bought 300.000 shares in the bank on the rate
1.095,76 kr. pr. share. Guðný Arna has 1.463.750 shares in the bank
after the trade. Parties financially connected to Guðný Arna have no
shares in the bank. Guðný Arna holds options for 440.000 shares in
the bank.