Kaupthing Bank - Kaupthing Bank raises agnate of EUR 1.3 billion in abiding funding

Kaupthing Bank has assured a alternation of band clandestine placements totalling USD 1,675 actor (EUR 1.1 billion) to investors in the US and Europe. Kaupthing has aswell finalised a alternate accommodation of EUR 195 actor with a European bank. In allegory the Parent Company has alone about EUR 1.1 billion of abiding redemptions for the butt of the year and FIH has EUR 1.8 billion. The agreement of the above allotment are appreciably below the Bank's accepted CDS levels in the bazaar and accept a ability alignment from 1 to 7.5 years.

This new allotment of EUR 1.3 billion adds to the able clamminess position, which is added accurate by the actuality that Kaupthing Singer & Friedlander will be departure its Asset Finance and Commodity Trade Finance businesses in the UK (announced on 25 February), which is accepted to chargeless up clamminess in balance of GBP 1 billion (EUR 1.3 billion) in 2008. Further allotment this year will be aimed at costs the bashful advance of the Bank and pre-funding the year 2009.

Further information:
Gudni Adalsteinsson - Chief Treasurer, + 354 444-6126 or Jónas Sigurgeirsson - Chief Communications Officer, +354 444-6112

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 thirteen 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 in Finland, Norvestia Oyj in Finland, Kaupthing New York, Kaupthing Switzerland, Kaupthing Bank Belgium and Kaupthing Bank Norge in Norway. The Bank aswell has activities in Isle of Man, the Dubai International Financial Centre (DIFC) and the Qatar Financial Centre (QFC). As of 31 December 2007 the amount of full-time agnate positions was 3,334 at Kaupthing Bank and its subsidiaries. www.kaupthing.com