REG-Glitnir banki hf. FRN Variable Rate Fix

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Thu Jul 31, 2008 4:09am EDT 

LONDON--(Business Wire)--

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As Agent Bank, please be advised of the following rate determined on:13-Jun-2008
Issue              : Glitnir Bank hf. - Series 338
                     ISK 22,500,000,000 FRN due 17 Dec 2009
ISIN Number        : XS0336519961
Common Code /      : 33651996
144A ISIN
Issue Nomin ISK    : 22,500,000,000.00
Period             : 18-Jun-2008 to 17-Sep-2008    Payment Date 17-Sep-2008
Number of Days     : 91
Rate               : 16.2
Denomination ISK   : 5,000,000.00          22,500,000,0
Amount Payable     : 204,750.00            921,375,000
per Denomination

Bank of New York
Rate Fix Desk                              Telephone   44 1202 689580
Corporate Trust Services                   Facsimile   44 1202 689601
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Glitnir banki hf.

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