Name of party notifying Landsbanki Íslands hf. Address of the party notifing Austurstræti 11 Date of transaction 26.9.2007 Number of shares in transaction 16.184.021 Number of shares before the transaction 339.533.784 Number of shares after the transaction 323.349.763 Holdings of total nominal value before the transaction % 10,06% Holdings of total nominal value after the transaction % 9,58% Notification is based on Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information This transaction was a hedge against forward contracts. After the transaction a total of 168,916,627 shares, or 5,01% of Atorka Group's share capital, is held as a hedge against forward contracts. Major Holdings announcement in accordance with Art. 30 (5) of the Act. no. 33/2003.