Directors Dealings Name of insider: Óttar Pálsson hrl. Relations with the issuer: Managing director legal department Date of transaction: 3.9.2007 Buy or Sell: Granting of call option Type of instrument: Kaupréttur / Call option Number of shares: 10.000.000 Price: 20,31 Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: 30.000.000 Related parties holdings after the transaction: 0 Date of settlement: 1.3.2011 Comments: The call option is for 10.000.000 shares, which the holder can exercise at first 1.9.2007 by 1/3, then 1.3.2010 by 2/3, and finally 1.3.2011 3/3 of the total options, provided that the holder is still employed by Straumur - Burðarás Investment Bank hf. The option price under the agreement is 20,31 which is the average price of STRB shares for the past five business days. The call option is granted in accordance with the remuneration committees stock option scheme approved by the board of directors.