SOURCE: Glitnir

May 03, 2007 02:18 ET

Moody's affirms Glitnir's credit ratings

REYKJAVIK, ICELAND -- (MARKET WIRE) -- May 3, 2007 --


Moody's affirms Glitnir's Credit Ratings Moody's Investors Service has yesterday affirmed Glitnir Bank Aa3 /P-1 credit rating, with the financial strength of C and outlook stable.

Moody's press release is attached.

For further information please contact: Bjørn Richard Johansen, Managing Director, Corporate Communications, Glitnir, mobile +47-47 800 100, e-mail: brj@glitnir.no

Vala Pálsdóttir, Head of Investor Relations, mobile: +354 844 4989, e-mail: vala.palsdottir@glitnir.is

www.glitnirbank.com

Moody's press release: http://hugin.info/133924/R/1123682/207724.pdf

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