Correction - Transfer of ownership - Published 2007-09-18 14:05:48 CET


Correction: Announcement and headline.


Following the merger of Straumborg ehf. and Norvest ehf., a fully owned
subsidiary of Straumborg, all assets and liabilities are transferred from
Norvest to Straumborg, including 16,000,000 shares in Kaupthing Bank. 

Straumborg and Norvest are financially related to Brynja Halldorsdottir,
primary insider and board member in Kaupthing Bank. Brynja owns 9,206 shares in
the bank. Parties financially related to Brynja own 18,929,548 shares in the
bank.