Sale of Kaupthing Bank Sverige to Ålandsbanken finalized

| Source: Kaupthing Bank Kaupthing Bank 

Reference is made to a press release from Kaupthing Bank dated 16
February 2009, regarding the sale of Kaupthing Bank Sverige AB. The
transaction, between Kaupthing Sverige AB  (parent company of
Kaupthing Bank Sverige AB and subsidiary of Kaupthing Bank hf.) as
seller and Ålandsbanken Abp as purchaser, has now been finalized and
is no longer subject to any closing terms and conditions or
regulatory approval.