Name Glitnir banki Date of transaction 6.12.2007 Buy or Sell Buy Type of instrument Call option Number of shares 500.000 Price 23,2 Primary insider's holdings after the transaction Reason for transaction Date of settlement 6.12.2007 Reason for transaction With reference to the exercise of Glitnir banki hf. employees of stock options in the bank, Glitnir banki hf. has purchased 500 thousand shares in Glitnir banki hf. on the rate 23,20, which was the closing rate at the market yesterday, and sold to option holder on the rate 15,5. These own account dealings are in relation with stock option agreements made with employees 2005. These own account dealings will not effect the issuer´s holding after the transaction.