Changes have been made to Glitnir Executive Management Board in relation to further increased regional focus on the Bank's three geographical business regions; Iceland, Nordic and International. At the same time an agreement has been made that Jan Forsbom will step down from the Executive Management board. The following persons represent Glitnir's Executive Management Board: Lárus Welding, CEO Alexander Guðmundsson, CFO Finance and Risk Management Birna Einarsdottir, EVP Glitnir Iceland Commercial Gísli Heimisson, EVP Shared Services and IT Guðmundur Hjaltason, EVP Glitnir Iceland Corporate Helgi Anton Eiríksson, EVP Europe (including Denmark) Magnús Bjarnason, EVP International Banking Morten Bjørnsen, EVP Nordic Region (including Russia) Sveinung Hartvedt, EVP Capital Markets and Corporate Finance in Norway and Sweden Glitnir's organizational chart is attached. For further information: Vala Pálsdóttir, Head of Investor Relations, telephone +354 440 4989.