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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:

Ratings

Kaupthing Bank is rated by three international rating agencies.

Moody's Investors Service

Moody's Investors Service assigned a credit rating to Kaupthing Bank for the first time in May 2003.

Date	Long-term	Subord. debt	Fin. strength	Short-term
October 2008 (2)	Caa1	C *	E *	NP *
October 2008	Baa3	Ba2	D+	P-3
February 2008	A1	A2	C-	P-1
August 2007	Aa3	A1	C	P-1
April 2007	Aa3	A1	C	P-1
February 2007	Aaa	Aa1	C	P-1
August 2006	A1	A2	C	P-1
April 2006	A1	A2	C+	P-1
May 2005	A1	A2	C+	P-1
November 2004	A1	A2	C+	P-1
December 2003	A2	A3	C+	P-1
May 2003	A3	Baa1	C	P-1

More about Moody's ratings.

Fitch Ratings

Fitch Ratings assigned a credit rating to Kaupthing Bank for the first time in November 2005.

Date	Long-term	Short-term	Individual	Support
September 2008	BBB	F3	C	2
May 2008	A-	F2	B/C	2
January 2008	A	F1	B/C	2
December 2007	A	F1	B/C	2
August 2007	A	F1	B/C	2
July 2007	A	F1	B/C	2
March 2007	A	F1	B/C	2
August 2006	A	F1	B/C	2
November 2005	A	F1	B/C	2
October 2008	D	D	F	5
October 2008	CCC	C	E	5