Auðkenni útgefanda/Trade ticker: GLB Nafn útgefanda/Issuer: Glitnir banki hf. Dagsetning tilkynningar/Date of announcement: 18. mars 2008 / 18 March 2008 Nafn fruminnherja/Name primary insider: Þorsteinn Már Baldvinsson Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Formaður stjórnar / Chairman of the Board Dagsetning viðskipta/Date of transaction: 18. mars 2008 / 18 March 2008 Tímasetning viðskipta/Time of transaction: 13 / 1 p.m. Tegund fjármálagernings/Type of financial instrument: Breytanlega skuldabréf / Convertible bonds Kaup eða sala/Buy or Sell: Kaup / Buy Fjöldi hluta/Number of shares: 100.000.000 ISK (nafnvirði) / (nominal value) Verð pr. Hlut/Price per share: Sjá skýringar / See Reason for transaction Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: Sjá skýringar / See Reason for transaction Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: Dagsetning lokauppgjörs*/Date of settlement*: Sjá skýringar / See Reason for transaction Athugasemdir*/Comments*: See Press Releases / announcements from Glitnir banki hf. regarding Glitnir's issue of convertible bonds that have been announced to the OMX Stock Exchange e.g. on 18 March 2008. We also refer to the terms of the bonds. The issue of the bonds and the authorisation for the increase in share capital is subject to the approval of a shareholders' meeting, which will be held on 19 March 2008 at 9 a.m.