Name of party notifying: Landsbanki Íslands hf Address of the party notifing: Austurstræti 11 Date of transaction: 15.8.2007 Number of shares in transaction: 11.673.631 Number of shares before the transaction: 556.416.532 Number of shares after the transaction: 568.090.163 Holdings of total nominal value before the transaction %: 4,97% Holdings of total nominal value after the transaction %: 5,08% Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information: After the transaction a total of 387.109.189 shares, a 3,46% stake, is held in Landsbanki's books as a hedge against forward contracts. Major Holdings announcement in accordance with Art. 34 (5) of the Act. no. 33/2003