Date of transaction 14.12.2007


Nafn/Name:
Glitnir banki hf.

Dagsetning viðskipta/Date of transaction:
14.12.2007

Kaup eða sala/Buy or Sell:
Kaup/Buy

Tegund fjármálagernings/Type of instrument:
Kaupréttur/Call option

Fjöldi hluta/Number of shares:
500.000

Gengi/Verð pr. Hlut/Price:
22,80

Fjöldi hluta eftir viðskipti/Primary insider's holdings after the transaction:
Sjá skýringar / See reason for transaction

Dagsetning lokauppgjörs/Date of settlement:
14.12.2007

Ástæður viðskipta/Reason for transaction:
Í tengslum við nýtingu starfsmanna Glitnis banka hf. á kaupréttum í bankanum
hefur Glitnir banki hf. í dag keypt 500 þúsund hluti í Glitni á genginu 22,80,
þ.e. miðað við lokagengi gærdagsins, og selt til kaupréttarhafa á genginu 15,5.
 Um er að ræða kaupréttarsamninga sem gerðir voru við lykilstarfsmenn á árinu
2005.  Viðskiptin hafa ekki áhrif á fjölda eigin hluta Glitnis. 

With reference to the exercise of Glitnir banki hf. employees of stock options
in the bank, Glitnir banki hf. has purchased 500 thousand shares in Glitnir
banki hf. on the rate 22,80, 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.