A new Board of Directors for The Financial Supervisory Authority

2/9/09

Mr. Gylfi Magnússon, Minister of Business Affairs, has appointed a new Board of Directors for The Financial Supervisory Authority – Iceland. From February 5, 2009, the Board consists of the following:

Mr. Gunnar Haraldsson, PhD. Chairman of the Board

Ms. Kristín Haraldsdóttir, LLM

Mr. Jón Th. Sigurgeirsson.

Alternates:

Mr. Óskar Sigurdsson

Ms. Thora M. Hjaltested

Ms. Gudrun Ögmundsdóttir

The Board will appoint a new Director General who is responsible for daily administration.