Landsbanki

On Tuesday 4th November 2008 , 14 dealers submitted inside markets, physical settlement requests and limit orders to the Landsbanki Íslands hf auction administered by Creditex and Markit to settle trades across the market referencing Landsbanki Íslands hf .

The inputs and results are detailed below.

Dealer Inside Markets

Dealer	Bid	Offer	Dealer
Bank of America, N.A.	2.5	4.5	Bank of America, N.A.
Barclays Bank PLC	2.5	4.5	Barclays Bank PLC
BNP Paribas	2	4	BNP Paribas
Citigroup Global Markets Limited	2.75	4.75	Citigroup Global Markets Limited
Credit Suisse International	2.25	4.25	Credit Suisse International
Deutsche Bank AG	2	4	Deutsche Bank AG
Dresdner Bank AG	2.375	4.375	Dresdner Bank AG
Goldman Sachs International	2.75	4.75	Goldman Sachs International
HSBC Bank plc	1.75	3.75	HSBC Bank plc
JPMorgan Chase Bank, N.A.	3	5	JPMorgan Chase Bank, N.A.
Merrill Lynch International	1.5	3.5	Merrill Lynch International
Morgan Stanley & Co. International	2.75	4.75	Morgan Stanley & Co. International
The Royal Bank of Scotland PLC	2.25	4.25	The Royal Bank of Scotland PLC
UBS AG	2.25	4.25	UBS AG

Inside Market Midpoint: 3.375

Adjustment Amounts

No adjustment amounts

Physical Settlement Requests

Dealer	Bid/Offer	Size
BNP Paribas	Offer	201
Bank of America, N.A.	Offer	75
Citigroup Global Markets Limited	Offer	30
Credit Suisse International	Offer	203
Deutsche Bank AG	Offer	67
HSBC Bank plc	Offer	6
Merrill Lynch International	Offer	0
Morgan Stanley & Co. International	Offer	0
The Royal Bank of Scotland PLC	Offer	26
UBS AG	Offer	7
Barclays Bank PLC	Bid	86
Dresdner Bank AG	Bid	6
Goldman Sachs International	Bid	17
JPMorgan Chase Bank, N.A.	Bid	52

Net Open Interest: €454 million to sell

Sum of Buy Physical Requests	€161m
Sum of Sell Physical Requests	€615m
Sum of Physical Request Trades	€161m
Sum of Limit Order Trades	€454m

Limit Orders

Dealer	Bid	Size
Credit Suisse International	3.625*	6
Citigroup Global Markets Limited	3.375*	5
JPMorgan Chase Bank, N.A.	3.25*	10
JPMorgan Chase Bank, N.A.**	3*	5
JPMorgan Chase Bank, N.A.	3*	10
BNP Paribas	3*	43
Citigroup Global Markets Limited**	2.75*	5
Goldman Sachs International**	2.75*	5
Morgan Stanley & Co. International**	2.75*	5
JPMorgan Chase Bank, N.A.	2.75*	10
Barclays Bank PLC**	2.5*	5
Bank of America, N.A.**	2.5*	5
Goldman Sachs International	2.5*	12
Deutsche Bank AG	2.5*	10
Dresdner Bank AG**	2.375*	5
UBS AG**	2.25*	5
The Royal Bank of Scotland PLC**	2.25*	5
Credit Suisse International**	2.25*	5
Deutsche Bank AG	2.25*	10
Merrill Lynch International	2.125*	20
Deutsche Bank AG**	2*	5
BNP Paribas**	2*	5
Morgan Stanley & Co. International	2*	5
JPMorgan Chase Bank, N.A.	2*	15
Goldman Sachs International	2*	15
BNP Paribas	2*	25
Deutsche Bank AG	2*	20
Barclays Bank PLC	2*	5
HSBC Bank plc**	1.75*	5
Deutsche Bank AG	1.75*	20
UBS AG	1.75*	20
Morgan Stanley & Co. International	1.75*	5
Merrill Lynch International**	1.5*	5
JPMorgan Chase Bank, N.A.	1.5*	5
Deutsche Bank AG	1.5*	40
Morgan Stanley & Co. International	1.5*	5
Barclays Bank PLC	1.5*	10
UBS AG	1.5*	20
Credit Suisse International	1.375*	5
Deutsche Bank AG	1.25^	30
UBS AG	1.25^	20
Morgan Stanley & Co. International	1.25^	5
Morgan Stanley & Co. International	1.25^	5
JPMorgan Chase Bank, N.A.	1.125	100
Credit Suisse International	1.125	5
Deutsche Bank AG	1	135
Citigroup Global Markets Limited	1	200
Barclays Bank PLC	1	20
Merrill Lynch International	1	100
Morgan Stanley & Co. International	1	20
BNP Paribas	1	25
Credit Suisse International	0.875	5
UBS AG	0.75	10
Bank of America, N.A.	0.75	5
Morgan Stanley & Co. International	0.75	20
Barclays Bank PLC	0.75	25
Deutsche Bank AG	0.75	155
Credit Suisse International	0.625	20
Deutsche Bank AG	0.5	75
Bank of America, N.A.	0.5	10
Barclays Bank PLC	0.5	25
Credit Suisse International	0.5	5
Morgan Stanley & Co. International	0.5	20
Credit Suisse International	0.375	100
Bank of America, N.A.	0.25	25
JPMorgan Chase Bank, N.A.	0.25	300
Morgan Stanley & Co. International	0.25	20
Bank of America, N.A.	0.125	30
Morgan Stanley & Co. International	0.125	454
JPMorgan Chase Bank, N.A.	0.125	300
Merrill Lynch International	0.125	300
Bank of America, N.A.	0	50

** Limit Orders that were derived from inside markets.

* Limit Orders that were filled.

^ Limit Orders that were partially filled.

Subordinated

Final Results of the Landsbanki Íslands hf Subordinated Auction, Tuesday 4th November 2008

Final Price: 0.125