- Date of transaction 29.11.2007


Name	
Glitnir banki

Date of transaction	
29.11.2007

Buy or Sell	
Buy

Type of instrument	
Call option

Number of shares	
5.500.000

Price	
24,45

Primary insider's holdings after the transaction	
See reason for transaction

Date of settlement	
29.11.2007

Reason for transaction
With reference to the exercise of Glitnir banki hf. employees of stock options
in the bank, Glitnir banki hf. has purchased 5,5 million shares in Glitnir
banki hf. on the rate 24.45, which was the closing rate at the market
yesterday, and sold to option holder on the rate 15,5.  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.