Correction regarding Directors' share ownership


Straumur-Burdaras Investment  Bank  hf.  ("Straumur")  stated  in  an
announcement on February  7 2008 that  E. Alden Edmonds,  alternative
member of  Straumur's Board  of Directors,  owned 150.000  shares  in
Straumur. The correct figure is 755.000.