Kaupthing and Landsbanki

The Clearing Member Agreement of Kaupthing Hf. NUF and Landsbanki Norway NUF was terminated following their suspension in October 2008. DnB NOR was appointed as provisional Clearing representative for all End-Clients of Kaupthing and Landsbanki. The proprietary trading accounts of Kaupthing have been liquidated without any loss for Oslo Clearing. Landsbanki did not hold a proprietary trading account with Oslo Clearing.