Lýsingar (prospectus) félaga á markaði gefa oft upplýsingar sem nýtast vel í skoðun á tengslum milli aðila. Neðangreindar upplýsingar um Glitni og tengsl stjórnar og stjórnenda félagsins við önnur félög er meðal annars að finna í útgefnum lýsingum félagsins.

Stjórnarmenn í Glitni fyrr og nú

Einar Sveinsson

Stjórnarformaður 1991-1992 og 2004- (amk 13.04.07)

Framkvæmdastjóri í eftirfarandi félögum: Gildruklettar ehf.,    

Stjórnarformaður í eftirfarandi félögum: Áning-fjárfestingar ehf., Íslensk endurtrygging hf.,  

Stjórnarmaður í eftirfarandi félögum: BNT hf., Gildruklettar ehf., Hellisvík ehf. (varaformaður), Hóvík ehf. (varaformaður), Hrómundur ehf., Icelandair Group hf., Olíufélagið hf., Puralube á Íslandi hf., SJ1 ehf. and Sjóvá-Almennar tryggingar hf.  

Fyrrverandi framkvæmdastjóri í eftirfarandi félögum: Sjóvá-Almennar tryggingar hf., Sameinaða líftryggingafélagið hf.  

Fyrrverandi stjórnarformaður í eftirfarandi félögum: Sameinaða líftryggingafélagið hf., Haraldur Böðvarsson hf., Frumherji hf., NAIG (Nordic Aviation Insurance Group).

Fyrrverandi stjórnarmaður í eftirfarandi félögum: Grandi hf., Útgerðarfélag Akureyringa hf., Lýsing hf., Icelandair Group Holding hf, Ábyrgð hf., Nesskip hf., Eignarhaldsfélag Verslunarbankans hf., Plastprent hf., Grandi hf. 

Eignarhlutur í Glitni pr. 13.04.07: 114,048,831 hlutir, eign fjárhagslega tengdra aðila pr. sama dag 274,301,014 hlutir. Athugasemd er í lýsingunni um að breytingar hafi orðið á eignarhaldi Einars um svipað leyti og hún er gefin út.

Karl Wernersson

Varaformaður stjórnar 2004-(amk 13.04.07)

Framkvæmdastjóri í eftirfarandi félögum: Háttur ehf.

Stjórnarformaður í eftirfarandi félögum: Lyf og heilsa hf. (starfandi stjform), Sjóvá-Almennar tryggingar hf., Þáttur eignarhaldsfélag ehf., Fragrance Holdings ehf., L&H eignarhaldsfélag ehf., L&H Optik ehf., Miðsitja ehf., Milestone ehf., S34 ehf., SJ1 ehf.

Stjórnarmaður í eftirfarandi félögum: Actavis Group hf., Amarel ehf., Áman – Deiglan ehf., Dalvíkurapótek ehf., Fasteignafélagið Staður ehf., Fjárfestingarfélagið Máttur ehf., Háttur ehf., Kvikmyndaskóli Íslands Menntastofnun ehf., Racon ehf. (varaformaður), Sáttur ehf. (varaformaður),

Fyrrverandi framkvæmdastjóri í eftirfarandi félögum: Lyf og heilsa hf., Örtölvutækni hf., Digital Ísland ehf.

Fyrrverandi stjórnarmaður í eftirfarandi félögum: Delta hf., Icebox Holdings Ltd.

Eignarhlutur í Glitni pr. 13.04.07: 13,110,187 hlutir, eign fjárhagslega tengdra aðila pr. sama dag 2,999,891,564 hlutir. Athugasemd er í lýsingunni um að breytingar hafi orðið á eignarhaldi Karls um svipað leyti og hún er gefin út.
 

Guðmundur Ólason

stjórnarmaður 2006-(amk 13.04.07)

Framkvæmdastjóri í eftirfarandi félögum: Milestone ehf., Myndasmiðjan efst á Laugav ehf., Milestone ehf., Nýtt gott fólk ehf. and Sáttur ehf.

Stjórnarformaður í eftirfarandi félögum: Gott fólk ehf.

Stjórnarmaður í eftirfarandi félögum: AB 54 ehf., Askar Capital hf., Áttur ehf., Fjárfestingafélagið Máttur ehf., Háttur ehf. (deputy director), K9 ehf., L&H eignarhaldsfélag ehf., Lyf og heilsa hf., Myndasmiðjan efst á Laugav ehf., (deputy director), Nýtt gott fólk ehf., Og fjarskipti ehf., Sáttur ehf., SJ1 ehf., Sjóvá-Almennar tryggingar hf., Þáttur eignarhaldsfélag ehf. and Þáttur International ehf.

Fyrrverandi stjórnarmaður í eftirfarandi félögum: Dagsbrún hf., Hands Holding hf., Leiftri Ltd., Merlin AS, Neyðarlínan hf., Securitas hf. and Teymi hf.

Eignarhlutur í Glitni pr. 13.04.07: 39,393,721 hlutir, eign fjárhagslega tengdra aðila 2,999,891,564 hlutir. Athugasemd er í lýsingunni um að breytingar hafi orðið á eignarhaldi Guðmundar eða tengdra aðila um svipað leyti og hún er gefin út.

Guðmundur var ritari einkavæðingarnefndar þegar ríkisbankarnir voru einkavæddir.

Hannes Smárason

Stjórnarmaður feb 2006-(amk 13.04.07)

Stjórnarformaður í eftirfarandi félögum: Eignarhaldsfélagið Oddaflug ehf., FL Holding ehf., Geysir Green Energy ehf., Tónvís ehf.

Stjórnarmaður í eftirfarandi félögum: Eignarhaldsfélagið Sveipur ehf., Fjárfestingafélagið Primus ehf. (deputy director), Fjölnisvegur 9 ehf. (deputy director), FL GLB Holding B.V., FL Group Holding B.V., FL Group Holding Netherlands B.V., FL Scandinavian B.V., FL Travel Group ehf., Gramophone ehf., Hlíðasmári 6 ehf., Hótel Búðir ehf. (deputy director), Oddaflug B.V., Refresco Holding B.V.

Fyrrverandi framkvæmdastjóri í eftirfarandi félögum: FL Group hf.

Fyrrverandi stjórnarformaður í eftirfarandi félögum: FL Group hf.

Fyrrverandi stjórnarmaður í eftirfarandi félögum: Bláfugl hf., Digitalls ehf., Fjárfestingarfélagið Freyr ehf., Flugflutningar ehf., Íslensk náttúruefni ehf., Straumur-Burdaras Investment Bank hf.

Eignarhlutur í Glitni pr. 13.04.07: 0, eign fjárhagslega tengdra aðila 4,749,975,515 hlutir.

Jón Sigurðsson

Stjórnarmaður 2006-(amk 13.04.07)

Framkvæmdastjóri í eftirfarandi félögum: Stoðir hf. (áður FL Group hf.)

Stjórnarmaður í eftirfarandi félögum: Refresco Holding BV, Sterling AS, FL Travel Group ehf. (deputy director), Geysir Green Energy ehf. (deputy director), Unity One ehf, Unity Investments ehf.

Fyrrverandi stjórnarmaður í eftirfarandi félögum: Bláfugl ehf., Flugflutningar ehf., Icelandair ehf., Icelandair Group hf., Icelease ehf.

Eignarhlutur í Glitni pr. 13.04.07: 0, eign fjárhagslega tengdra aðila 4,749,975,515 hlutir.

Skarphéðinn Berg Steinarsson

Stjórnarmaður  feb 2006-(amk 13.04.07)

Framkvæmdastjóri í eftirfarandi félögum:   

Prókúruhafi í eftirfarandi félögum:   

Önnur tengsl við eftirfarandi félög:   

Stjórnarformaður í eftirfarandi félögum: BG Fasteignir ehf., Eignarhaldsfélag Húsasmiðjunnar ehf., FL Group hf., Húsasmiðjan hf., I-Holding ehf., Kjalvogur ehf., M-Holding ehf., M-Invest ehf.

Stjórnarmaður í eftirfarandi félögum:

A Holding S.A., A-Holding ehf., Atlas A/S, Baugur DK Aps, Baugur Holding SE AB, Baugur SE AB,
BG Aviation ehf., BG Capital ehf., BG Danmark Aps., BG Equity 1 ehf., BG Holding ehf., BGE Eignarhaldsfélag ehf., Fasteignafélagið Stoðir hf., Hólakot A/S, Hrafnabjörg ehf., Ice Capital, Keops A/S, Lyngby Retail Properties A/S, Stodir Holding A/S, Stodir Properties Holding A/S and Þyrping hf.

Fyrrverandi stjórnarformaður í eftirfarandi félögum: FL Group hf., 365 hf., Hringur
eignarhaldsfélag ehf., Minjavernd hf., Norðurljós hf.

Fyrrverandi stjórnarmaður í eftirfarandi félögum: Aktieselskabet Th. Wessel & Vett, Magasin du Nord, Á bleiku skýi ehf., Illum A/S, Kaldbakur hf., Storm ehf.

Eignarhlutur í Glitni pr. 13.04.07: 0, eign fjárhagslega tengdra aðila 5,396,632,657 hlutir. Athugasemd er í lýsingunni um að breytingar hafi orðið á eignarhaldi tengdra aðila (Jötunn Holding ehf.) um svipað leyti og hún er gefin út.

Þórarinn V. Þórarinsson

Stjórnarmaður 1991-?, 2005, 2007-(amk 13.04.07)

Framkvæmdastjóri í eftirfarandi félögum: Atlantis Group hf., Forsar ehf., Storevision Nordic A/S.

Stjórnarmaður í eftirfarandi félögum: AM Kredit ehf., AM Fjárfestingar ehf., AM Praxis ehf., Forsar ehf., Mjólkurfélag Reykjavíkur hf. and Stofnar ehf.

Fyrrverandi framkvæmdastjóri í eftirfarandi félögum: Landssíminn hf.

Fyrrverandi stjórnarmaður í eftirfarandi félögum: Grandi hf., Iceland Telecom hf. and Þróunarfélag Íslands hf.

Eignarhlutur í Glitni pr. 13.04.07:

(óunnið hér fyrir neðan)

helstu stjórnendur bankans pr. 13.04.07:

The Executive Board consists of the nine members listed below. Those persons are, in the opinion of the Company, the senior managers relevant to establishing that the Company has the appropriate expertise and experience for the management of its business.
Bjarni Ármannsson – Chief Executive Officer. Prior to his appointment as CEO of the Bank in 2000, Mr. Ármannsson was the CEO of Fjárfestingabanki Atvinnulífsins hf. – The Icelandic Investment Bank from its inception in 1997. He was the CEO of Kaupthing Bank hf., an investment bank in Iceland (1996-1997). Prior to this, he was the Deputy Managing Director of Kaupthing Bank hf. (1994-1996). Mr. Ármannsson holds a B.Sc. degree in Computer Science from the University of Iceland and a MBA degree from IMD in Switzerland.
Current board positions: BN banken ASA, BN kredit AS, FIM Group Corporation, Fjárfestingafélagið Máttur ehf. (Chairman), Glitnir AB, Glitnir Bank ASA, Glitnir Bank Luxembourg S.A., Glitnir Eignarhaldsfélag ehf. (Chairman), Glitnir Property Group AS, Glitnir Securities ASA, Gullbergur Aps. (Chairman), Háskólinn í Reykjavík ehf. (Chairman), Hástoð ehf. (Chairman), Landsýn ehf., Sjávarsýn ehf. and SVÍV ses.
Current management positions: Glitnir banki hf.
Past board positions: Sjóvá Almennar tryggingar hf.
Past management positions: None.
Own holding of shares in the Company: 521,560 shares.
Holdings of financially related parties in the Company: 235,423,853 shares.
Options relating to shares in the Company: None.

Jón Diðrik Jónsson – Executive Vice President, Iceland. Prior to his appointment to the Executive Board of the Bank in 2004, Mr. Jónsson was the CEO of Ölgerðin Egill Skallagrímsson hf. from 2001-2004 (a beverage business in Iceland), General Manager of CCHBC Slovenia 2000-2001, Commercial Director/Marketing Director CCHB Poland 1997-2000, Marketing Manager Coca-Cola Singapore/Malaysia 1995-1997, TCCC Nordic Region Business Development Manager 1994-1995, Operational Marketing Manager for Nordic & Northern European Division of TCCC 1992-1993. Mr. Jónsson holds an MIM (Management) degree from Thunderbird, Arizona and a B.Sc. degree in Management from the Florida Institute of Technology.
Current board positions: Fjárfestingafélagið Máttur ehf., Geysir Green Energy ehf., JD Ráðgjöf ehf., Kreditkort hf. (Chairman), Vatnsorka ehf. (Chairman) and ÞJDJ ehf.

Current management positions: CEO of the following companies; JD Ráðgjöf ehf. and ÞJDJ ehf.
Past board positions: BN banken ASA, BN Kreditt AS, Calidris hf., Catco hf., Glitnir Luxembourg S.A., Iceland Spring, VD Ráðgjöf ehf. and Þróunarfélagið Lundur hf.
Past management positions: CEO of the following companies; Catco hf. and Ölgerðin Egill Skallagrímsson hf.
Own holding of shares in the Company: 13,576 shares.
Holdings of financially related parties in the Company: 29,376,680 shares.
Options relating to shares in the Company: 20,000,000.
 

Tómas Kristjánsson – Executive Vice President, Finance & Risk Management. Prior to his appointment to the Executive Board of the Bank in 2000, Mr. Kristjánsson was Managing Director of Risk Management and Funding at Fjárfestingabanki Atvinnulífsins hf. from 1997 and Director of Credit Control at the Industrial Loan Fund from 1992 to 1996, responsible for credit control, real estate supervision and the legal department. Prior to that (from 1990), he was responsible for the management of problem loans at the Industrial Loan Fund. Mr. Kristjánsson holds an MBA degree from the University of Edinburgh and a degree in Business Administration from the University of Iceland.
Current board positions: Fjárfestingarbanki atvinnulífsins GP hf. (Chairman), Gani ehf., Glitnir Bank Luxembourg S.A., Kambshóll ehf., Klasi hf. and L.B.W.F ehf. (deputy director).
Current management positions: CEO of the following companies; Glitnir Eignarhaldsfélag ehf. and Kambshóll ehf.
Past board positions: None.
Past management positions: None.
Own holding of shares in the Company: 14,132 shares.
Holdings of financially related parties in the Company: 48,550,439 shares.
Options relating to shares in the Company: 20,000,000.

Frank O. Reite – Executive Vice President, Glitnir Markets and Commercial Banking Norway. Prior to his appointment to the Executive Board of the Bank in 2005, Mr. Reite was the CEO of Glitnir Bank ASA (formerly Kredittbanken ASA) from April 2004. He served on the Executive Management Group of Aker from 2000 to 2004 and represented that company on the boards of directors of numerous enterprises, including Norway Seafoods and Aker Yards. He held various managerial positions
for Norway Seafoods in 1996-2000 and in 1995 he was involved in the structuring of RGI’s seafoods activities in Seattle and Oslo. Prior to that, he worked as a credit analyst for CBK in Seattle from 1993 to 1994. He completed a degree in business at the Oslo Business School in 1993.
Current board positions: BNbank ASA (chairman), BNkreditt AS (chairman), Glitnir AB (chairman), Glitnir Bank ASA (chairman), Glitnir Factoring AS (chairman), Glitnir Property Holding AS (chairman), Glitnir Property Group AS (chairman) and Glitnir Securities ASA (chairman).
Current management positions: CEO of Glitnir Norway AS.
Past board positions: Aker Yards ASA (chairman), Atlas-Stord Norway AS (chairman), Dexion Ltd. (chairman), Norway Seafoods ASA and Sydvestor ASA (chairman).
Past management positions: CEO of KredittBanken ASA.
Own holding of shares in the Company: None.
Holdings of financially related parties in the Company: None.
Options relating to shares in the Company: 30,000,000 shares.

Finnur Reyr Stefánsson – Executive Vice President, Shared Services. Prior to his appointment to the Executive Board of the Bank in 2001, Mr. Stefánsson was Deputy Managing Director of Wealth Management of Íslandsbanki hf. from January 2000 and Deputy Managing Director of Risk Management and Funding at Fjárfestingabanki Atvinnulífsins hf. from 1997. Prior to that (from 1994) he was director and fund manager at Landsbanki Securities. Mr. Stefánsson holds an MBA (Finance) degree from Virginia Tech University, Virginia, and a B.Sc. degree in Economics from the University of Iceland.
Current board positions: Glitnir AB, Glitnir Securities ASA, Próteus ehf. and Snæból ehf.
Current management positions: Snæból ehf.

Past board positions: A-holding S.A., Framtak fjárfestingarbanki hf. and Kauphöll Íslands hf. (deputy director).
Past management positions: None.
Own holding of shares in the Company: 13,980 shares.
Holdings of financially related parties in the Company: 48,550,439 shares.
Options relating to shares in the Company: 20,000,000 shares.

Gudmundur Hjaltason – Executive Vice President, Corporate Banking. Prior to his appointment to the Executive Board of the Bank in 2006, Mr. Hjaltason was the CEO of Ker hf., a leading Icelandic investment company with an international strategy from 2003. Prior to that he worked as the CFO of Samskip hf., a leading Icelandic shipping and logistics company and as an accountant and a partner in several accounting firms in Iceland, Norway and USA. He completed a degree in Business Administration from the University of Iceland in 1988 and is a State Authorised Public Accountant.
Current board positions: BAG ehf., Bakkavogur ehf., D-3 Eignarhaldsfélag ehf. (Chairman), Dseta ehf., Festarfell ehf., Festing Investment ehf., Glitnir Bank Luxembourg S.A., Hetta ehf., Hringir ehf., Iceland seafood international ehf. (deputy director),
Mundill ehf. (deputy director), Muska ehf., Stapafell ehf. (Chairman) and Steinagerði ehf.
Current management positions: CEO of the following companies; BAG ehf., Festing Invest ehf., Hetta ehf., Hringir ehf., Kerstapi ehf., Muska ehf. and Steinagerði ehf.
Past board positions: Cristiansen Partners ASA, Egla Invest Ltd., Lyons Seafood Ltd., Samskip Denmark, Samskip Germany, Samskip Netherlands, Samskip Norway, Samskip Russia, Samskip Sweden, Samskip UK, Samskip USA, Solreisor AB and Solreisor ASA.
Past management positions: None.
Own holding of shares in the Company: 1,425 shares.
Holdings of financially related parties in the Company: 30,529,768 shares.
Options relating to shares in the Company: 10,000,000.
 

Birna Einarsdóttir – Executive Vice President, Corporate Development. Prior to her appointment Ms. Einarsdóttir was in charge of Glitnir’s marketing and sales team for the Commercial Banking in Iceland from 2004 and last year she managed the Bank’s successful re-branding project. Ms. Einarsdóttir has worked in the financial sector for a number of years. She worked for 6 years for the Royal Bank of Scotland plc. in Edinburgh and, prior to that, she was head of marketing and sales at Íslandsbanki hf. Ms. Einarsdóttir began her career as a managing director of Íslenskar Getraunir, the Icelandic football pool. Ms. Einarsdóttir holds an MBA degree from Edinburgh University and a B.Sc. in Business Administration from the University of Iceland.
Current board positions: Glitnir sjóðir hf. (deputy director) and Kreditkort hf. (deputy director).
Current management positions: None.
Past board positions: None.
Past management positions: None.
Own holding of shares in the Company: 10,030,850 shares.
Holdings of financially related parties in the Company: None.
Options relating to shares in the Company: 10,000,000.

Helgi Anton Eiríksson – Executive Vice President, Investment Banking. Prior to his appointment to the Executive Board of the Bank in January 2007, Mr. Eiríksson was Glitnir’s Global Seafood Director with responsibility for overall management of the Glitnir’s international seafood activities. Mr. Eiríksson joined the Bank in 2004 from Coldwater Seafood (UK) Ltd. where he served as Director within the executive management team from 1995–2004. Mr. Eiríksson holds a Cand. Oecon degree in business administration from the University of Iceland.
Current board positions: None.
Current management positions: None.
Past board positions: None.
Past management positions: None.
Own holding of shares in the Company: 10,014,132 shares.
Holdings of financially related parties in the Company: None.
Options relating to shares in the Company: 10,000,000.

Magnús Bjarnason – Executive Vice President, International. Mr. Bjarnason was, until now, managing director of the Asia and America Region in Glitnir’s Corporate Banking Division. Before joining the Bank in 2005, Mr. Bjarnason served as a minister counsellor and deputy chief of mission at the Icelandic Embassy in China 2003–5 where he worked on business development.
Prior to that he was an acting consul general in New York and trade commissioner for Iceland in the USA and Canada. His previous experience also includes work in the banking and airline industries. Mr. Bjarnason has an MBA degree from Thunderbird, the Garvin School of International Management.
Current board positions: Geysir Green Energy ehf., IDA ehf. and Vatnsorka ehf.
Current management positions: CEO of IDA ehf.
Past board positions: None.
Past management positions: None.
Own holding of shares in the Company: 1,223,062 shares.
Holdings of financially related parties in the Company: 7,599,798 shares.
Options relating to shares in the Company: 6,000,000.

úr prospectus glitnis frá 13.04.07:

The following members of the Board of Directors hold positions with companies that are substantial customers of the Company, that could lead to a conflict of interest were it not for the Rules of Procedure described above.
Karl Wernersson is the Chairman of the Board of Directors of Milestone ehf. and Guðmundur Ólason is the CEO of the same company. Milestone ehf. is both a major shareholder in the Company and a substantial customer of it.
Skarphéðinn Berg Steinarsson is the Chairman of the Board of Directors of FL Group hf., Hannes Smárason is the CEO of the same company and Jón Sigurðsson is the deputy CEO. FL Group hf. is both a major shareholder in the Company and a substantial customer of it. Skarphéðinn Berg Steinarsson is a Managing Director at Baugur Group hf., which is as well a substantial customer of the Company.
Einar Sveinsson is a member of the Board of Directors of BNT ehf. which is both a shareholder and a substantial customer of the Company.

Following is a list of the 20 largest shareholders in the Company as of 10 April 2007. The list does not reflect recent developments further described in Chapter 16.2.
Name of shareholder Number of shares %
1 FL GLB Holding B.V. 1,950,614,919 13.108
2 FL Group Holding Netherlands B.V. 1,541,234,670 10.357
3 Þáttur International ehf 1,329,677,131 8.936
4 Þáttur eignarhaldsfélag ehf 802,810,648 5.395
5 Arion safnreikningur 627,412,071 4.216
6 FL GROUP hf 432,562,996 2.907
7 Jötunn Holding ehf 350,000,000 2.352
8 GLB Hedge 299,595,694 2.013
9 Hrómundur ehf 273,783,292 1.84
10 Barclays Bank Plc (Dorset) 258,816,196 1.739
11 BNT hf 252,119,217 1.694
12 Citibank 249,732,276 1.678
13 Milestone ehf 248,829,764 1.672
14 Straumur-Burðarás Fjárfest hf 216,440,998 1.455
15 Alnus ehf 203,676,426 1.369
16 Seppo Juhani Sairanen 198,777,652 1.336
17 Glitnir banki hf 188,034,043 1.264
18 Gildi -lífeyrissjóður 186,487,391 1.253
19 Lífeyrissjóður verslunarmanna 178,385,860 1.199
20 Elliðahamar ehf 173,400,295 1.165

Ownership of the largest shareholders of the Company
At year end 2006 the following were shareholders of Milestone ehf.: Leiftri Ltd. with 31.6% share, Karl Wernersson with 29.7% share, Steingrímur Wernersson with 23.4% share and Ingunn Wernersdóttir with 15.3% share. Both Þáttur International ehf. and Þáttur eignarhaldsfélag ehf. are fully owned subsidiaries of Milestone ehf.
Shareholders in FL Group hf. at the end of the year 2006 were 4,622. When forward agreements are taken into account, three shareholders held more than 10% of outstanding shares in FL Group hf. at year end 2006. They were Oddaflug B.V. with 19.8% share, Baugur Group hf. with 18.2% share and Gnúpur fjárfestingafélag ehf. with 17.2% share. Icon ehf. and Materia Invest ehf., which were owned by the same shareholders, held 10.7% of shares. Both FL GLB Holding B.V. and FL Group
Holding Netherlands B.V. are fully owned subsidiaries of FL Group hf.

On 23 February 2007 FL Group hf. notified to ICEX that it held a total of 4,700,000,000 shares in the Company, thereof 2,150,610,175 shares through FL Group Holding Netherlands B.V., 1,925,000,000 shares through FL GLB Holding B.V. and 624,389,825 shares through FL Group hf. On 7 February 2007 Milestone ehf. notified to ICEX that it held a total holding of 2,960,497,843 shares in the Company, thereof 1,312,216,190 shares through Þáttur International ehf., and 792,268,367
shares through Þáttur eignarhaldsfélag ehf. Discrepancies might occur between the shareholders registry and actual shares controlled by a party because of these reasons stated above.

On 5 and 10 April 2007 the following announcements were published on the ICEX news page
(http://www.omxgroup.com/nordicexchange/marketnews/companynotices/) relating to ownership changes:
• Karl Wernersson, Milestone ehf. and related parties, holding 20.16% of shares in the Company, announced that they had sold 1,958,242,473 shares to Kaupthing Bank hf. as a part of an underwriting agreement, under which Kaupthing Bank is obligated to purchase the said shares if they are not sold by 16 April 2007. After the transaction Milestone ehf. and related parties hold 1,041,649,091 shares, amounting to 7.00% of total shares in the Company. The settlement date for the transaction is 16 April 2007, and accordingly it is not reflected in the list of major shareholders
above. Those shares are held by Þáttur International ehf., a fully owned subsidiary of Milestone ehf. According to an anouncement from Milestone ehf. Þáttur International ehf. has agreed not to sell the shares in Glitnir for 12 months.
However, according to the announcement, the final ownership of Þáttur International ehf. has not been decided yet.
• Guðmundur Ólason, member of the Board of Directors of the Company, announced that a party related to him had sold all its holdings in the Company to Kaupthing Bank hf., amounting to 50,665,323 shares. This is a part of an underwriting agreement under which Kaupthing Bank hf. is obligated to purchase the said shares if they are not sold by 16 April 2007.
• Einar Sveinsson, Chairman of the Board of Directors of the Company, announced that he and related parties had sold all their holdings in the Company to Kaupthing Bank hf., amounting to 388,349,845 shares. This is a part of an underwriting agreement under which Kaupthing Bank hf. is obligated to purchase the said shares if they are not sold by 16 April 2007.
• Jötunn Holding ehf. announced that the Company had purchased 372,017,533 shares in the Company, bringing its holding up to 1,018,674,675 shares or 6.85%. Jötunn Holding ehf. is owned 60% by West Coast Holding Ltd., 30% by Baugur Group hf. and 10% by Fons Eignarhaldsfélag hf. West Coast Capital Ltd. is a Scottish partnership owned by Sir Tom Hunter, James McMahon and Paul Davidson. The majority owner of Fons eignarhaldsfélag hf. is Pálmi Haraldsson .
• Saxbygg Invest ehf. and Saxsteinn ehf. announced that they had purchased 744,035,065 shares in the Company, bringing its holding up to 1,027,754,470 shares or 6.91%. Saxbygg Invest ehf. and Saxsteinn ehf. are subsidiaries of Saxbygg ehf. Saxbygg ehf. is owned by Saxhóll ehf. and Byggingarfélag Gylfa og Gunnars hf. Saxbygg ehf. purchased on 5 April 2007 a 5% share in the Company but Saxsteinn ehf. owned 0.69%. Saxhóll ehf. and related parties hold 0.2% share and Byggingarfélag Gylfa og Gunnars hf. and related parties hold 1.02% share.
The above is not reflected in the shareholders registry of the Company. The shareholders registry of the Company is based on information in the electronic ISD system.
According to the announcements above relating to underwriting agreements with Kaupthing Bank hf. the total number of shares subject to the underwriting agreements is 2,397,257,641 or 16.11% of the total shares in the Company. The shares bought by Jötunn Holding ehf., Saxbygg Invest ehf. and Saxsteinn ehf., mentioned above, the total of 1,116,052,598 shares, are a part of the shares subject to the underwriting agreement with Kaupthing Bank hf.
On 5 April 2007 the Company bought own shares in the nominal amount of ISK 624,989,455 and notified the transaction to ICEX. The settlement date of the transaction is 16 April 2007, and accordingly it is not reflected in the list of major shareholders above.