Sale of Share in Landsbanki Íslands

12/21/01

Press Release


Sale of Share in Landsbanki Íslands hf. Postponed


HSBC Bank in London, together with the management of Landsbanki hf., has been presenting Landsbanki to potential core investors in recent weeks. The aim was to conclude the sale before the end of the year, but as a result of difficult market conditions is it now clear that this will not be achieved. For this reason, further presentations have been postponed to a later date.

Reykjavík, 21 December 2001