RNS Number:8961B
Kaupthing Bank hf
10 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                                9 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                        429,917,326     (3.90%)

(2) Derivatives (other than options)           9,223,873       (0.08%)          9,223,873         (0.08%)
                                            
(3) Options and agreements to purchase/sell

Total                                          439,141,199     (3.98 %)         9,223,873         (0.08%)
                                              





(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                                                                              5000                39.35 ISK
Purchase                                                                             12787                39.35 ISK
Purchase                                                                             11881                39.50 ISK
Purchase                                                                             75000                39.50 ISK
Purchase                                                                              2739                40.10 ISK
Purchase                                                                             75000                39.50 ISK
Sale                                                                                 75000                39.50 ISK
Purchase                                                                           2000000                39.45 ISK
Purchase                                                                            154000                39.40 ISK
Purchase                                                                             12555                39.40 ISK
Purchase                                                                              1500                39.40 ISK
Sale                                                                                  1500                39.40 ISK
Sale                                                                                152500                39.40 ISK
Purchase                                                                            200000                39.96 ISK
Sale                                                                                  2500                40.20 ISK
Sale                                                                                  2500                40.20 ISK
Purchase                                                                            195000                39.95 ISK
Sale                                                                                195000                39.95 ISK
Sale                                                                                154000                39.40 ISK
Sale                                                                                 75000                39.50 ISK
Sale                                                                                 75000                39.50 ISK
Sale                                                                                200000                39.96 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
                      Long                                             200000                       39.45 ISK
                      Short                                           2000000                       39.45 ISK





(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   price      American,       date       paid/received per
e.g. call option      varying etc.      relates (Note 7)                 European etc.              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                                                10 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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