A shareholders' meeting in Reykjavik Savings Bank hf. (SPRON) has
confirmed the merger schedule signed by the board of directors of
SPRON and the board of directors of Kaupthing Bank hf. on 1 July

The merger is however still subject to the approvals of the Icelandic
Financial Supervisory Authority and the competition authorities, cf.
press release from July 1.

For further information please contact:
Jónas Sigurgeirsson, Chief Communications Officer, +354 444 6112 or