Kaupthing working on resolving Kaupthing EDGE issues in Germany

perhaps others have also received these e-mailed news releases. Nothing particular in them but possibly worth noting that things are moving in Germany it seems.

Published: 12:54 13.11.2008 GMT+1 /HUGIN /Source: Kaupthing Bank /SSE: KAUP /ISIN: IS0000001469

KAUPTHING BANK hf REQUESTS DE-LISTING

The resolution committee of Kaupthing Bank hf. has sent a request to the OMX Nordic Exchange in Iceland that the company's shares be removed from trading in accordance with Article 24, paragraph 2, of Act no. 110/2007 on Stock Exchanges.

The request is made on the basis of a letter from the board of directors of Kaupthing Bank hf. to the Icelandic Financial Supervisory Authority (FME) dated 8 October 2008 in which the board of directors tendered its resignation and requested that the FME take control of the bank in accordance with Act no. 125/2008 on the Authority for Treasury Disbursements due to Unusual Financial Market Circumstances.

Published: 21:51 12.11.2008 GMT+1 /HUGIN /Source: Kaupthing Bank /SSE: KAUP /ISIN: IS0000001469

KAUPTHING'S RESOLUTION COMMITTEE MEETS WITH LARGE CREDITORS

Kaupthing Bank's Resolution Committee met today for the first time with representatives of large creditors of the bank (Informal Creditors' Committee). The meeting was constructive and it is anticipated that another meeting will be held within a month. The Resolution Committee looks forward to working with the Informal Creditors' Committee towards a solution which maximizes recovery for all stakeholders.

Published: 18:30 13.11.2008 GMT+1 /HUGIN /Source: Kaupthing Bank /SSE: KAUP /ISIN: IS0000001469

KAUPTHING WORKING ON RESOLVING KAUPTHING EDGE ISSUES IN GERMANY

Kaupthing's Resolution Committee has in recent weeks worked on an agreement with the German government on paying deposits back to customers of Kaupthing EDGE in Germany, and it is hoped that payments can be made within the next few days or weeks. Representatives of Kaupthing's Resolution Committee will meet with representatives of the German Ministry of Finance and the German Financial Supervisory Authority regarding this matter next week.