Issuer: N1 hf. ID 540206-2010 Dalvegi 10-14 201 Kópavogur Date of admission: 25.07.2008 Symbol: N1 08 1 ISIN-code: IS0000018315 Orderbook ID: 57309 Bond type: Coupon paying bond Market: OMX ICE CP Fixed Income Size limits: 2.000.000.000 Issued: 2.000.000.000 Denomination: 10,000,000 Issue date: 11.07.2008 First due date: 11.01.2010 Number of due dates: 1 Maturity date: 11.01.2010 Interests calculated from: 11.07.2008 First interest payment date: 13.07.2009 Number of interest payments: 2 Interest: 20,3% Indexed: No Name of index: N/A Base index value: N/A Dirty price / Clean price: Clean price Day count convention: ACT/360 Call option: No Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): None Securities depository: Verðbréfaskráning Íslands hf. Issued electronically: Yes OMX ICE member responsible for admission to trading: Glitnir banki hf.