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