Issuer: Avant hf. Kt. 561205-1750, Suðurlandsbraut 12, 108 Reykjavík Date of admission: 03.05.2008 Symbol: AVAN 08 0520 ISIN-code: IS0000016350 Orderbook ID: 53386 Bond type: Bill, bullet Market: OMX ICE DP Fixed Income Size limits: 1,000,000,000.- Issued: 220,000,000 Denomination: 5,000,000.- ISK Issue date: 20. November 2007 First due date: 20. May 2008 Number of due dates: 1 Maturity date: 20. May 2008 Interests calculated from: N/A First interest payment date: N/A Number of interest payments: N/A Interest: N/A Indexed: No Name of index: N/A Base index value: N/A Dirty price / Clean price: N/A Day count convention: Act/360 Call option: No Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): N/A Securities depository: Icelandic Security Depository Issued electronically: YES OMX ICE member responsible for admission to trading: Kaupthing Bank hf.