Alexander K. Gudmundsson

The Group's principal activity is to provide financial services to both private customers and businesses. The Group's home markets are Iceland and Norway where it offers a broad range of financial services, including corporate banking, investment banking, capital markets, investment management and retail banking. Outside of the home markets the Group has operations in Finland, Sweden, UK, Luxembourg, US, Canada, China and Russia. The bank will furthermore open an office in India in the second half of 2008. The Group's international expansion is mainly driven by two specialized industry sectors, seafood and sustainable energy, in which the bank has developed significant industry expertise built on its Icelandic and Norwegian heritage. The Group's shares are listed on NASDAQ OMX in Iceland under the symbol GLB.

Geysir Green Energy hf provides investment services with interest in geothermal energy plants. It participates in the development, construction and operation of geothermal energy plants worldwide. The company was founded in 2007 and is headquartered in Reykjanesbaer, Iceland.

BN Bank ASA offers a range of retail and corporate banking services. The bank also provides corporate and investment banking, capital markets, investment management and retail banking. It offers loans to the real estate, seafood, ship building, offshore service vessels, and traditional shipping sectors. The company was founded in 1904 and is headquartered in Trondheim, Norway.