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 2004 and auditors' report.

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

 

  a. Paragraph five in Article 4 regarding increase of share capital is deleted from the Articles of Association.

  b. Sentence 2 of Article 1 shall be as follows: The name of the Company is Kaupþing banki hf.

  c. A new Paragraph shall be added to Article 19. The Paragraph shall be as follows: "Those who wish to stand for election to the Board of Directors must announce their intention with at least seven days' notice."

 

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

5. Elections to the Board of Directors.

6. Determination of the remuneration of the Board of Directors.

7. Election of an Auditor.

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

9. 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 16 March 2005. Record date to receive dividends will be on 23 March 2005 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.