Straumur acquires 33.4% of shares in Sjóva



17. March 2009

Straumur Burdaras Investment Bank hf. (Straumur) has today enforced
its pledge and perfected a 33.4% stake in the insurance company Sjóvá
Almennar tryggingar hf. (Sjóvá).
Straumur's enforcement of collateral will not impact the daily
operation of Sjóvá.

For further information contact:
Georg Andersen
Head of Corporate Communications
Tel: +354 585 6707
georg@straumur.com