Issuer: Kópavogsbær Kt. 700169-3759 Fannborg 2 200 Kópavogur Date of admission to trading: 23.12.2008 Symbol: KOP 08 1 ISIN-code: IS0000019008 Orderbook ID: 62453 Bond type: Annuitet Market: OMX ICE CP Fixed Income Size limit: No size limit Issued: ISK 3.000.000.000 Denomination: ISK 10.000.000 Issue date: 15.12.2008 First due date: 01.02.2009 Number of due dates: 22 Maturity date: 01.08.2019 Interest calculated from: 01.12.2008 First interest payment date: 01.02.2009 Number of interest payments: 22 Interest: 5,00% Indexed: Yes Name of index: CPI Base index value: 322,3 Dirty price / Clean price: Clean Price Day count convention: 30/360 Call option: No Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): No Securities depository: Icelandic Securities Depository Issued electronically: Yes Coordinator - admission to trading: Saga Capital Investment Bank