Directors Dealing

| Source: Kaupthing Bank Kaupthing Bank 


Ingólfur Helgason, CEO in Iceland, of Kaupthing bank hf. has today 15
August 2007 bought 400.000 shares in the bank on the rate 1.095,76
kr. pr. share. Ingólfur has 3.720.075  shares in the bank after the
trade. Parties financially connected to Ingólfur have no shares in
the bank. Ingólfur holds options for 440.000 shares in the bank.