Issuer: Avant hf. Kt. 561205-1750, Suðurlandsbraut 12, 108 Reykjavík Date of admission: 28.09.2007 Symbol: AVAN 07 1002 ISIN-code: IS0000015055 Orderbook ID: 42945 Bond type: Bill, bullet Market: OMX ICE Fixed Income Size limits: 2,000,000,000.- Issued: 2.000.000.000 Denomination: 5,000,000.- ISK Issue date: 27. June 2007 First due date: 02. October 2007 Number of due dates: 1 Maturity date: 02. October 2007 Interests calculated from: N/A First interest payment date: N/A Number of interest payments: N/A Interest: N/A Indexed: No Name of index: N/A Base index value: N/A Dirty price / Clean price: N/A Day count convention: Act/360 Call option: No Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): N/A Securities depository: Icelandic Security Depository Issued electronically: YES OMX ICE member responsible for admission to trading: Kaupthing Bank hf.