- New Managing Director of Kaupthing Norway

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