Magnús Bjarnason

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.

Glacier Partners Corp. provided financial advisory services. The company was headquartered in New York, NY.

Icelandic Group ehf operates as a holding company with interests in manufacturing and selling frozen seafood products. It has operations in the United States, the United Kingdom, Continental Europe and Asia. The company was founded in 1942 and is headquartered in Reykjavík, Iceland.

Landsvirkjun National Power Co. generates and distributes electricity. The firm produces electricity from renewable hydro and geothermal sources. It supplies electricity to public utilities and the power-intensive industries. The company was founded on July 1, 1965 and is headquartered in Reykjavík, Iceland.

Seachill Ltd. specialises in the production and processing of chilled seafood products. The company was founded in 1997 and is headquartered in Grimsby, GB

The American-Scandinavian Foundation promotes educational, cultural, and professional exchange between the United States and Scandinavian countries. The non-profit company is based in New York, NY.