Name of party notifying: Sp/F Skrínið Address of the party notifing: Po.bok 250, 710 Klaksvík, Faroe Islands Date of transaction: 18.07.2007 Number of shares in transaction: 5.000 Number of shares before the transaction: 757.800 Number of shares after the transaction: 762.800 Holdings of total nominal value before the transaction %: 7,58% Holdings of total nominal value after the transaction %: 7,63% Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information According to the Issuer the voting rights of the Shareholder reached 10 % due to this transaction. The voting rights of all shareholders is subject to a 10 % voting rights restriction in the Bank's Articles of Association.