SOURCE: Glitnir

August 23, 2007 08:57 ET

Fitch affirms Glitnir rating

REYKJAVIK, ICELAND--(Marketwire - August 23, 2007) -

Fitch Ratings has today affirmed Glitnir Banki's ("Glitnir") ratings at Long-term Issuer Default (IDR) 'A', Short-term IDR 'F1', Individual 'B/C', Support '2' and Support Rating Floor of 'BBB'. The Outlook for the Long-term IDR is Stable.

Fitch ratings is attached: Fitch ratings

For further information from Glitnir, please contact:

Ingvar H. Ragnarsson
Executive Director of International Funding
phone +354 844 4665,

Bjørn Richard Johansen
Managing Director, Corporate Communications, Glitnir
mobile +47-47 800 100,

Fitch ratings:

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