Inger Lise Egeland has been appointed as the new Managing Director of Kaupthing Norway. Inger Lise joined Kaupthing in 2006 as Managing Director of Banking in Norway. Previously she worked for Aker ASA where she was Senior Vice President of Finance. Mark Carey has been appointed as Deputy Managing Director of Kaupthing Norway, and he will be also responsible for Capital Markets in Norway. Jan Petter Sissener, Managing Director of Kaupthing Norway and Global Head of Equities at Kaupthing Bank, has decided to leave the Bank for personal reasons. His resignation will take effect immediately. Jan Petter joined Kaupthing in 2005 as Managing Director of Kaupthing Norway and later also assumed the role of Global Head of Equities. Hreidar Már Sigurdsson CEO of Kaupthing Bank"I congratulate Inger Lise Egeland and Mark Carey on their promotions and I'm confident that, with their experience and abilities, they are the right people to take the Norwegian business forward. Jan Petter Sissener has played an important role in transforming our business in Norway into a full scale bank and recently he has also focused on strengthening our Global Equity business. I would like to thank him for his contribution and I wish him all the best in his future endeavours." Further information: Jónas Sigurgeirsson, Chief Communications Officer, tel +354-444 6112 or ir@kaupthing.com About Kaupthing Bank Kaupthing Bank offers comprehensive commercial and investment banking services to individuals, companies and institutional investors. The Bank is a leading player in all the main areas of the Icelandic financial market, and in addition to Iceland, the Bank's key markets are Denmark and the United Kingdom. The Bank focuses on the growth and development of its international activities and aims to be one of the leading investment banks in northern Europe. Kaupthing Bank operates in thirteen countries with its headquarters located in Reykjavík. The Bank's main subsidiaries are FIH Erhvervsbank in Denmark, Kaupthing Singer & Friedlander in the United Kingdom, Kaupthing Bank Sverige, Kaupthing Bank Luxembourg, Kaupthing Bank in Finland, Norvestia Oyj in Finland, Kaupthing New York, Kaupthing Switzerland, Kaupthing Bank Belgium and Kaupthing Bank Norge in Norway. The Bank also has activities in Isle of Man, the United Arab Emirates (Dubai) and Qatar. As of 31 December 2007 the number of full-time equivalent positions was 3,334 at Kaupthing Bank and its subsidiaries. www.kaupthing.com
New Managing Director of Kaupthing Norway
| Source: Kaupthing Bank