The Resolution Committee/Interim Board:

On March 21st 2009, the Financial Supervisory Authority assumed the powers of a shareholders’ meeting of SPRON, dismissed the Board and appointed a Resolution Committee. The FSA also assigned New Kaupthing Bank the depository obligations of SPRON, see here. Under Act no. 44/2009 that amended Act no. 161/2002 on Financial institutions, the Resolution Committee became an Interim Board, which had the same obligations as a Resolution Committee.

The Winding-Up Board

In June of 2009, the Interim Board‘s designated three month working period was up, in accordance with Art. 100 a. of the Financial Institutions Act No. 161/2002. On June 23rd, Reykjavik District Court accepted the Interim Board‘s request to appoint a Winding-Up Board to SPRON. The Winding-Up Board‘s primary function is to protect the interests of SPRON‘s creditors, and to oversee the lodging of claims in accordance with Art. 102, par 2, of the Financial Institutions Act No. 161/2002.

Contact information

All information regarding loans, deposits, overdrafts and credit cards may be found at Kaupthing Bank. Also, information regarding collection, payment and the adjustment of expenses. Customers must turn to Kaupthing Bank‘s branches, contact info@kaupthing.is or call tel. no. +354 444 7000.

Any questions regarding pension savings may be sent to BYR Savings Bank byr@byr.is . Those who request an advance payment of ISK 1.000.000 (who are 60 years old and above), and to be transferred to other pension savings funds must turn to BYR Savnings Bank´s branches and fill out a form.

Customers of SPRON may send requests for bank statements, tax returns, and other questions regarding their business with the bank before the Resolution Committee was appointed on March 21st 2009, to infout@spron.is. Questions will be answered as soon as possible.

Icelandic Securities Ltd. (Íslensk verðbréf hf.) now service customers that were previously customers of SPRON Securities (SPRON Verðbréf hf.). Further information may be found at www.iv.is, at tel no. +354 460 4700 or at iv@iv.is.