Registration of branch



Today, Straumur-Burdaras Investment Bank hf.'s branch in Prague,
Czech Republic, was registered in the Company Registry in the Czech
Republic. The operation of the branch is expected to commence soon.
Michael Christensen will be the manager of the branch.

For further information, please contact:
Ólafur Teitur Gudnason, Vice President, Media Relations
Corporate Communications
olafur.gudnason@straumur.net
tel: +354 858 6778