Internal Committees at Kaupthing Bank - Group Management Committee, Group Credit Committee, IT Committee and ALCO Committee.

Kaupthing Bank - Comprehensive commercial and investment banking services

Kaupthing Bank offers comprehensive commercial and investment banking services to individuals, companies and institutional investors. The Bank is a leading player in all the main areas of the Icelandic financial market, and in addition to Iceland, the Bank's key markets are Denmark and the United Kingdom.

The Bank focuses on the growth and development of its international activities and aims to be one of the leading investment banks in northern Europe. As of 30 June 2008 the number of full-time equivalent positions was 3,207 at Kaupthing Bank and its subsidiaries.

Kaupthing´s shares are listed on the OMX Nordic Exchange in Iceland and Stockholm.

For further information about Kaupthing Bank:

Internal Committees

Executive Committee

The CEO consults with the Executive Committee on matters of special importance to the Group.

Group Credit Committee

The Group Credit Committee is the Bank’s second highest credit-granting body. The Group Credit Committee is authorised to approve new loans to parties for a total exposure of up to EUR 165 million, including exposure to related parties. The CEO chairs the committee.

Group Underwriting and Investment Committee

The Group Underwriting and Investment Committee is authorised to make investment decisions up to EUR 50 million and underwriting decisions up to EUR 165 million. The CEO chairs the committee.

Assets and Liabilities Committee (ALCO)

The ALCO maintains an overview of the Bank’s Balance Sheet, proposes policies concerning the structure of assets and liabilities and the coordination of risk, capital, funding and liquidity matters.