Kaupthing Bank hf. has, in accordance with the decision
of the Annual General Meeting on 16 March 2007, granted Sigurdur Einarsson, Executive Chairman and Hreidar Már Sigurdsson, CEO, an option to purchase a total of 2,436,000 shares in the Bank each, at the price
of 1,007 ISK per share, which
is the closing
price on the Iceland Stock
Exchange on 16 March 2007. They are authorized
to utilize one third of the
option in March each year 2009, 2010 and 2011.
Sigurdur Einarsson owns
7,368,423 shares in the Bank. Sigurdur Einarsson now has
an option to buy 4,060,000 shares
in the Bank. Parties financially related to
Einarsson own 14,111
shares in the Bank.
Hreidar Már Sigurdsson now has an option to
buy 4,060,000 shares in the Bank. Parties financially related to Hreidar
Már Sigurdsson own 6,572,039 shares in the Bank. Rights according to a forward contract, of parties financially related to Hreidar Már Sigurdsson, are 205,078 shares.