Ålandsbanken Sverige AB

Kaupthing Bank Annual General Meeting

Pressmeddelande   •   Mar 09, 2007 17:08 CET

Annual General Meeting


The Annual General Meeting of Kaupthing Bank hf. will be held at Borgarleikhúsid, Reykjavík, Iceland at 5.00 p.m. on Friday 16 March 2007.

Agenda

1. The report of the Board of Directors on the activities of the Bank in the preceding operating year.

2. Submission of the Annual Accounts for 2006 and the auditors' report.

3. Proposal on payment of dividends and the disposal of the Bank's profit during the preceding accounting year.

4. Motions to amend the Bank's Articles of Association.

Proposal to authorise the Board of Directors of the Bank to increase the share capital of the Bank by up to ISK 1,500,000,000 in nominal value through the subscription of up to 150,000,000 new shares. The current shareholders waive their pre-emptive rights to the new shares. The Board of Directors may, however, authorise shareholders in each instance to subscribe for the new shares, in part or in whole. The Board of Directors shall determine more specifically how this increase will be executed, with reference to price and terms of payment. The Board of Directors of the Bank is authorised to decide that subscribers may pay for the new shares in part or in whole with other valuables than cash. The current authorization for the Board of Directors to increase share capital (by up to 49,100,000 shares or up to 491,000,000 ISK in nominal value) is deleted.

Proposal that the Articles of Association will be changed to the effect that the agenda of the AGM shall include a proposal of the Board of Directors on a remuneration policy. One week before an AGM, at the latest, the report of the Board of Directors and the Board's proposal on the remuneration policy, shall be available for inspection by the shareholders at the company's office.

Proposal that the Articles of Assocation will state that if the Board of Directors has decided that a shareholders' meeting shall be held partly electronically, shareholders who participate electronically in the meeting shall submit questions on the agenda or submitted documents, no later than five days before the shareholders' meeting.

Proposal that the Articles of Association state that information on candidates for the Board of Directors shall be available at the Bank's office no later than two days prior to the shareholders' meeting.

5. Proposal of the Board of Directors on a remuneration policy.

6. Elections to the Board of Directors for the term of one year.

7. Determination of the remuneration of the Board of Directors.

8. Election of an Auditor for the next accounting year.

9. Proposal to authorise the Bank to purchase own shares.

10. Other business.

The meeting will be held in English.

Shareholders in Sweden who wish to participate have to be registered in the General Meeting Register of shareholders in VPC on record date which is on 14 March 2007. Record date to receive dividends will be on 21 March 2006 in Sweden.

Ballot papers and other material will be distributed at the entrance at the beginning of the meeting.

The Board of Directors of Kaupthing Bank hf.


About Kaupthing Bank
Kaupthing Bank offers comprehensive commercial and investment banking services to individuals, companies and institutional investors. The Bank is a leading player in all the main areas of the Icelandic financial market, and in addition to Iceland, the Bank's key markets are Denmark and the United Kingdom. The Bank focuses on the growth and development of its international activities and aims to be one of the leading investment banks in northern Europe.

Kaupthing Bank operates in ten countries with its headquarters located in Reykjavík. The Bank's main subsidiaries are FIH Erhvervsbank in Denmark, Kaupthing Singer & Friedlander in the United Kingdom, Kaupthing Bank Sverige, Kaupthing Bank Luxembourg, Kaupthing Bank Oyj in Finland, Norvestia in Finland, Kaupthing Føroyar, Kaupthing New York, Kaupthing Asset Management in Switzerland, Kaupthing Norge in Norway, Arion and Kaupthing Líftryggingar hf. in Iceland. As of 31 December 2006 the number of full-time equivalent positions was 2,719 at Kaupthing Bank and its subsidiaries.

Information on Kaupthing Bank is also available on the Bank's website www.kaupthing.com