Shares in Skipti hf. admitted to trading on OMX Nordic Exchange Iceland hf. on 19 March 2008 The public share offering of 30% of Skipti hf.'s share capital to investors has closed. This offering and admission to trading fulfils the agreement between the buyers of the company and the Icelandic government from 2005 when the company was privatised. A total of 179 investors subscribed for 552,220,641 shares in Skipti hf., or 7.49% of the total share capital. The final offer price was ISK 6.64 per share. The total proceeds of the offering amounted to ISK 3,666,745,047. Investors who subscribed for shares with a purchase value of more than ISK 25 million were allocated 523,343,369 shares, and investors who subscribed for shares with a purchase value ranging from ISK 0.1 million up to and including ISK 25 million were allocated 28,877,272 shares. The final offer price and allocation to investors was determined as described in Skipti's Prospectus dated 4 March 2008. Brynjólfur Bjarnason, CEO of Skipti hf.: "The offering and admission to trading on OMX ICE is an important step for Skipti. We welcome new shareholders to the shareholder base. Investors have expressed a keen interest in the company and I expect the number of shareholders to increase even further in the future. The offering constituted previously issued shares, and the offering does therefore not affect Skipti hf.'s operations or future outlook. Skipti is backed by a broad shareholder base." Ingólfur Helgason, CEO of Kaupthing Bank Iceland: "Through this share offering we have fulfilled the terms of the agreement with the Icelandic government of 2005 on the privatisation of the company. It has been a pleasure to work with Skipti on the admission to trading, and the results are in accordance with our expectations in light of current market conditions. Skipti has a strong position in the domestic market and considerable prospects for growth. Kaupthing Bank will continue to work closely with the company and expects a great deal of it in the future. Skipti hf.'s shares will be admitted to trading on OMX Nordic Exchange Iceland hf. on Wednesday 19 March 2008. Kaupthing Bank - Investment Banking was the Manager of the share offering. Further information on Skipti hf. and the recently completed share offering can be found in the Prospectus published in connection with the offering and admission to trading. The Prospectus can be obtained from Skipti hf.'s website (www.skipti.com). Further enquiries: Pétur Th. Óskarsson, VP Communication of Skipti hf., tel. +354 863 6075. Benedikt Sigurdsson, Kaupthing Bank Media Relations, tel. +354 444 6775. About Skipti: Skipti hf. is a holding company of various companies in the field of telecommunications, information technology and entertainment .The Group consists of companies such as Síminn, Míla, Já, Skjárinn, Sensa, Tæknivörur, On-Waves and Radiomidun. Foreign subsidiaries include the telecommunication companies Aerofone in UK, Síminn DK in Denmark, and Sirius IT, an information technology company, with operations in Norway, Sweden and Denmark.