Kaupthing Bank - Kaupthing Bank's after-effects for the aboriginal nine months of 2007

Reykjavik, Iceland--November 13th 2007--Net balance of ISK 60.2 billion (EUR 683 million)

- Shareholders' net balance for the aboriginal nine months of ISK 60.2 billion, accretion by 31.3% compared with the aforementioned aeon in 2006. Earnings decreased, however, by 10.5% amid periods demography into anniversary the one-off after-tax accumulation of ISK 21.4 billion accompanying to Exista in the third division of 2006
- Shareholders' net balance in the third division of ISK 14.4 billion, accretion by 3.0% from the third division of 2006. Earnings decreased, however, by 59.3% amid periods demography into anniversary the one-off after-tax accumulation of ISK 21.4 billion accompanying to Exista in the third division of 2006
- Return on disinterestedness for the aboriginal nine months of 27.5% on an annualised basis. Earnings per allotment of ISK 82.6
- Net absorption assets in the third division up by 59.7% YoY to ISK 20.3 billion
- Net fee and agency assets in the third division grew by 75.2% YoY to ISK 13.4 billion
- Financial accident in Treasury of ISK 6.9 billion in the third quarter, primarily due to the abatement in the fair amount of acquired contracts, bonds and asset-backed securities
- Total assets of ISK 4,889.9 billion (EUR 55.6 billion) at the end of September 2007, accretion by 27.7% at a anchored barter amount from the alpha of the year and by 20.6% in ISK
- On 15 August 2007 the Bank active an acceding to access the Dutch case NIBC for EUR 3 billion, accepted to complete by the end of the year
- The axle of admiral will seek approval at a shareholders' affair to affair new shares in the Bank and to advertise them in a pre-emptive rights affair during the fourth division 2007
- The axle of admiral affairs to change the Bank's anatomic bill into the euro as of January 2008, in accordance with IFRS
- The axle of admiral will adduce at the shareholders' affair that the Bank's shares be redenominated in euros

Hreidar Már Sigurdsson, CEO
"Kaupthing's activities accept been characterised by able-bodied advance and we connected to strengthen our position in the third quarter. Trends in absorption assets and fee and agency assets are a lot of encouraging; absorption assets was up 60%, while fee and agency assets grew by 75% in the third division compared with the aforementioned aeon endure year. The all-embracing banking markets accomplished ample agitation during the quarter, but it is acceptable to see that our action of accident about-face enabled us to accomplish 19% acknowledgment on disinterestedness during the quarter. The Bank is assuming able-bodied and after-effects were decidedly able in accumulated cyberbanking and investment banking. I accept that 2007 will prove to be addition accomplished year for Kaupthing Bank."

Further information
For added advice on the after-effects amuse acquaintance Jónas Sigurgeirsson, Chief Communications Officer on +354 444 6112 or Ólöf Hildur Pálsdóttir, Deputy Head of Investor Relations, on +354 444 6569 (ir@kaupthing.com). Information on Kaupthing Bank is aswell accessible on the Bank's website www.kaupthing.com.

About Kaupthing Bank
Kaupthing Bank offers absolute bartering and investment cyberbanking casework to individuals, companies and institutional investors. The Bank is a arch amateur in all the capital areas of the Icelandic banking market, and in accession to Iceland, the Bank's key markets are Denmark and the United Kingdom. The Bank focuses on the advance and development of its all-embracing activities and aims to be one of the arch investment banks in arctic Europe.

Kaupthing Bank operates in twelve countries with its address amid in Reykjavík. The Bank's capital subsidiaries are FIH Erhvervsbank in Denmark, Kaupthing Singer & Friedlander in the United Kingdom, Kaupthing Bank Sverige, Kaupthing Bank Luxembourg, Kaupthing Bank Oyj in Finland, Norvestia Oyj in Finland, Kaupthing New York, Kaupthing Asset Management in Switzerland and Kaupthing Norge in Norway. The Bank aswell has activities in the United Arab Emirates (Dubai) and Qatar and operates a annex in the Faroe Islands. As of 30 September 2007 the amount of full-time agnate positions was 3,190 at Kaupthing Bank and its subsidiaries.