Related Party Trading

| Source: Kaupthing Bank Kaupthing Bank 

Straumborg ehf., a company financially related to Brynja
Halldórsdóttir, a board member of Kaupthing Bank hf., has today, 11
December 2007, bought 7,404,531 shares in the Bank at the price of
867 ISK per share.

Brynja Halldórsdóttir owns 9,206 shares in the Bank. Parties
financially related to Brynja Halldórsdóttir own 26,334,079 shares in
the Bank after the transaction.