- Kaupthing Bank will act as Market Maker for the following Bills


KAUP 08 0115
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.2%. The market making
agreement may be terminated at a minimum of one month's notice. 

KAUP 08 0215
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.2%. The market making
agreement may be terminated at a minimum of one month's notice. 

KAUP 08 0314
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.25%. The market making
agreement may be terminated at a minimum of one month's notice. 

KAUP 08 0415
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.25%. The market making
agreement may be terminated at a minimum of one month's notice. 

KAUP 08 0515
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.3%. The market making
agreement may be terminated at a minimum of one month's notice. 

KAUP 08 0616
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.35%. The market making
agreement may be terminated at a minimum of one month's notice. 


KAUP 08 0715
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.35%. The market making
agreement may be terminated at a minimum of one month's notice. 

KAUP 08 0815
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.4%. The market making
agreement may be terminated at a minimum of one month's notice. 

KAUP 08 0915
Kaupthing Bank will act as market maker for the bills on the Nordic Exchange.
Each day the bank will submit bids and asks for a minimum of ISK 100 million at
nominal value and renew accepted bids and asks within 30 minutes. If the total
amount of trades has exceeded ISK 200 million at nominal value in the course of
the day, the bank reserves the right to stop submitting bid and asks until the
next day. The bid-ask spread shall not be more than 0.4%. The market making
agreement may be terminated at a minimum of one month's notice.