SOURCE: Landsbanki Íslands hf

January 24, 2008 05:25 ET

Market-making in Landsbanki Shares

REYKJAVÍK, ICELAND--(Marketwire - January 24, 2008) -

Kaupthing will, for its own account, act as market maker for Landsbanki's shares on the OMX Nordic Exchange, as announced in a market-making agreement. Kaupthing will submit daily bid/ask offers valid within the day for Landsbanki shares before the market opens.

The purpose of the agreement is to facilitate trading and improve liquidity in Landsbanki's shares on the OMX Nordic Exchange Iceland and to promote efficient and transparent price formation.

The terms of the market making agreement are as follows:

-                    Kaupthing will submit daily bid and offer quotes
for shares in Landsbanki for a minimum of 1,000,000 shares at a price
determined by Kaupthing
-                    Maximum bid/ask spread shall not exceed 1.0% and
the deviation from the last transaction price shall not exceed 3.0%
-                    The maximum obligated total trades per day is
ISK 400,000,000 market value
-                    The agreement was effective as of 21 January

For further information:
Landsbanki - Tinna Molphy, Head of Investor Relations, and tel: +354 410 7200 / mob: +354 861 1440.
Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269
7204 / mob: +44 7711 264 157.

About Landsbanki

Landsbanki is a growing European bank with total assets of ISK 2,847 billion (EUR 32.4 bn) at 30 September 2007 and a market capitalisation of ISK 331 billion (EUR 3.4 bn) as of 23 January 2008. Through its extensive distribution network of 2,499 employees in 17 countries, Landsbanki is set to deliver targeted financial services based on local expertise for mid-cap corporates in Europe. Landsbanki provides retail and corporate banking, investment banking, capital markets services, asset management and wealth management for private banking clients. Landsbanki's unique product line includes access to both debt and equity markets and its research department is among the most comprehensive in Europe, including some 100 analysts covering close to 950 European stocks.

The market leader in the Icelandic financial service sector, Landsbanki's growth in recent years has been primarily organic, based upon smaller, strategically acquired platforms in the UK, Ireland and Continental Europe. Most recently, the bank acquired the securities broker and investment bank Bridgewell in the UK.

Headquartered in Reykjavik, Iceland, Landsbanki Islands hf. is traded on the OMX Nordic Exchange Iceland under the ticker LAIS. Landsbanki is rated by Moody's (Aa3 / P-1 / C / Stable) and Fitch (A / F1 / B/C / Stable).


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