RNS Number:4160B
Kaupthing Bank hf
02 August 2007



      FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

                        (Rule 8.3 of the Takeover Code)





1.         KEY INFORMATION


Name of person dealing  (Note 1)               Kaupthing Bank hf

Company dealt in                               Landsbanki Islands hf

Class of relevant security to which the        Ordinary Shares
dealings being disclosed relate (Note 2)

Date of dealing                                1 August 2007



2.         INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)        Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 3)
                                                             Long                              Short
                                               Number               (%)         Number                      (%)

(1) Relevant securities                        410,990,626     (3.73 %)

(2) Derivatives (other than options)           20,051,207      (0.18%)          20,051,207                  (0.18%)
                                               
(3) Options and agreements to purchase/sell

Total                                          431,041,833     (3.91 %)         20,051,207                  (0.18%)
                                               







(b)        Interests and short positions in relevant securities of the company,
other than the class dealt in (Note 3)


Class of relevant security:                                  Long                              Short
                                               Number                  (%)      Number                      (%)

(1) Relevant securities


(2) Derivatives (other than options)


(3) Options and agreements to purchase/sell


Total











(c)        Rights to subscribe (Note 3)


Class of relevant security:                    Details









3.         DEALINGS (Note 4)



(a)        Purchases and sales


Purchase/sale                                                      Number of securities     Price per unit (Note 5)


Purchase                                                                             44500                39.20 ISK
Purchase                                                                            125000                39.30 ISK
Purchase                                                                             25180                39.65 ISK
Sale                                                                                 17655                39.65 ISK
Purchase                                                                              1119                39.70 ISK
Sale                                                                               5000000                39.80 ISK
Purchase                                                                           1500000                39.80 ISK
Purchase                                                                            500000                39.80 ISK
Sale                                                                               1000000                39.80 ISK
Sale                                                                               1000000                39.80 ISK
Sale                                                                                125000                39.30 ISK
Purchase                                                                           5000000                39.55 ISK
Sale                                                                               5000000                39.55 ISK
Purchase                                                                             32500                39.45 ISK
Sale                                                                                 32500                39.45 ISK
Sale                                                                               1500000                39.80 ISK
Sale                                                                                500000                39.80 ISK
Purchase                                                                           5000000                39.55 ISK
Purchase                                                                             32500                39.45 ISK






(b)        Derivatives transactions (other than options)


Product name,         Long/short (Note 6)       Number of securities (Note 7)        Price per unit (Note 5)

e.g. CFD






(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying


Product name,         Writing, selling, Number of securities  Exercise   Type, e.g.      Expiry     Option money
                        purchasing,     to which the option              American,
e.g. call option      varying etc.      relates (Note 7)      price      European etc.   date       paid/received per
                                                                                                    unit (Note 5)





(ii)        Exercising


Product name, e.g. call option         Number of securities                  Exercise price per unit (Note 5)






(d)        Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)         Details                               Price per unit (if applicable) (Note 5)
















4.         OTHER INFORMATION



Agreements, arrangements or understandings relating to options or derivatives




Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating
to the voting rights of any relevant securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.








Is a Supplemental Form 8 attached? (Note 9)
            NO




Date of disclosure                                                2 August 2007

Contact name                                                      Hannah Smith

Telephone number                                                  0203 205 6623

If a connected EFM, name of offeree/offeror with which connected
If a connected EFM, state nature of connection (Note 10)






Notes



The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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