22/09/2008 07:56:00

His Highness Sheikh Mohammed Bin Khalifa Al-Thani acquires 5% stake in Kaupthing Bank

Q Iceland Finance ehf., a wholly owned subsidiary of Q Iceland

Holding ehf., a company owned by His Highness Sheikh Mohammed Bin

Khalifa Al-Thani, has acquired a 5.01% stake in Kaupthing Bank hf. Q

Iceland Finance acquired 37.1 million existing shares at the price of

ISK 690 per share, thus becoming the third largest shareholder of

Kaupthing.

H.H. Sheikh Mohammed is a member of the royal family which has been

the governing family of Qatar since the nineteenth century.

H.H. Sheikh Mohammed:

"We have followed Kaupthing closely for some time and consider

this to be a good investment. Kaupthing's position is strong and we

believe in the bank's strategy and management team, as Kaupthing has

performed well in the current market turbulence and has proven it can

change and adapt to a new reality in banking. We view our stake in

Kaupthing as a long-term investment and look forward to a close

relationship with the bank in the future."

Sigurdur Einarsson, Chairman:

"We are delighted to welcome H.H. Sheikh Mohammed Bin Khalifa

Al-Thani as a shareholder of Kaupthing Bank. We are continually

focused on attracting new investors to the bank and we are happy to

see that our strategy of increasing the diversity of our shareholder

base has proven fruitful. We look forward to working with H.H. Sheikh

Mohammed in the future."

For further information please contact:

Jónas Sigurgeirsson, Chief Communications Officer, +354 444 6112 or

ir@kaupthing.com

Copyright © Hugin AS 2008. All rights reserved.

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