Name Glitnir banki Date of transaction 28.11.2007 Buy or Sell Buy Type of instrument Call option Number of shares 19.000.000 Price 24.15 Primary insider's holdings after the transaction Sjá tilkynningu Date of settlement 28.11.2007 Reason for transaction With reference to the exercise of Glitnir banki hf. employees of stock options in the bank, Glitnir bank hf. has purchased 19 million shares in Glitnir banki hf. on the rate 24.15 which was the rate which Glitnir bank hf. closed on the market yesterday. These own account dealings are in relation with stock option agreements made with employees 2005. These own account dealings will not effect the issuer´s holding after the transaction.