Landsbanki Islands hf - to whom it may concern:

Market Wire, October, 2008

              Landsbanki Islands hf ("Old Landsbanki")

The Resolution Committee of Old Landsbanki announce the appointment of the UK limited liability partnership of Deloitte & Touche LLP ("Deloitte") to assist with the communication and consultation with all remaining creditors of Old Landsbanki including its international branches, following the transfer of all of Old Landsbanki's Icelandic domestic deposits together with significant Old Landsbanki assets into New Landsbanki Islands hf, as announced on 9 October 2008.

It is the Resolution Committee's intention to provide regular update information to all creditors of Old Landsbanki through a dedicated website. Initial information is available at http://www.landsbanki.is/oldlandsbanki

Deloitte will be assisting the Resolution Committee to set up an informal committee of creditors representing a broad cross section of financial institutions, bond holders, international deposit holders, and other creditors. Subject to the creditors' committee members entering into strict confidentiality undertakings, the Resolution Committee, with the assistance of Deloitte, intend to consult with the creditors' committee on their plans for realising the assets of Old Landsbanki and making payments to creditors. In this regard, contact will be made with known creditors of Old Landsbanki over the next few days.

Those creditors of Old Landsbanki wishing to register their interest in this regard are invited to do so under "Registration for Claims" on the website http://www.landsbanki.is/oldlandsbanki or contact Old Landsbanki through the following email address creditor.info@Landsbanki.is

For and on behalf of The Resolution Committee of Landsbanki Islands hf ("Old Landsbanki")

For further information:
Landsbanki
Tinna Molphy
Head of Investor Relations
 ir@landsbanki.is 
tel:  354 410 7200
mob:  354 861 1440

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