In connection with its acquisition of Bridgewell Group plc, Landsbanki Íslands hf. has concluded new stock option agreements with key bank employees in London, in accordance with the bank's remuneration policy. These agreements are purchase options for 66.8 million shares, which holders can exercise from 2009-2011 during the 120-day period commencing on 1 of December each year, in the proportions 60% (1 December 2009 - 30 March 2010), 20% (1 December 2010 - 30 March 2011) and 20% (1 Decenber 2011 - 30 March 2012) of the total options, provided the holder concerned is still employed by Landsbanki. The option price under the agreement is 39.4, which is equivalent to the reference share price for Landsbanki's acquisition of Bridgewell Group plc. 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. Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 / mob: +44 7711 264 157.