Final conclusions of the valuation of the new banks now ready

22.4.2009

Yesterday Deloitte LLP concluded the valuation of assets which were transferred from the old banks to create New Kaupthing Bank, NBI and Íslandsbanki. Today Oliver Wyman has reviewed the valuation for each bank and updated its appraisal. The valuation project has , therefore, been completed. Further, distribution of the valuation report has commenced to the parties to the negotiation process which will now be launched.

A summary is being prepared, which will describe the valuation, the approach taken and the techniques used in the valuation work.

Further information to the media is provided by Sigurður G. Valgeirsson, sgv@fme.is, tel: 525 2700 or mobile 840 3861

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