Kaupthing Bank hf. ("Kaupthing") manages the kaupthing.com website (the "website") as a source of information about Kaupthing and the Kaupthing Group (which includes Kaupthing, its subsidiaries and affiliated companies), and as a portal to the local sites managed by the Kaupthing Group in the countries where it operates (together with the website such sites being the "Kaupthing Sites").

With the exception of the website, the Kaupthing Sites are country specific and, unless otherwise explicitly stated, information on any country-specific Kaupthing Site is intended only for persons or entities based in that country. The distribution of certain information in certain jurisdictions may be restricted by law, and it may not be legal for users in one jurisdiction to access certain information on Kaupthing Sites outside of their own jurisdiction or use the facilities or products available or referred to on such sites. Users accessing the Kaupthing Sites or obtaining information which is subject to restrictions on where it may be communicated are required to keep themselves informed with regard to and to observe any such restrictions.

Kaupthing Sites may have their own terms and conditions, and in the event of, and to the extent of, any conflict between such terms and conditions, the terms and conditions of any other Kaupthing Site shall prevail over the terms and conditions of the website. In addition, any products referred to on any Kaupthing Sites may be subject to specific terms and conditions which shall prevail over the terms and conditions of any Kaupthing Site in the event of any conflict. Kaupthing and the relevant members of the Kaupthing Group may change the terms and conditions of any Kaupthing Site at any time without notice by replacing the terms and conditions on the relevant Kaupthing Site with new terms and conditions.

Kaupthing and the members of the Kaupthing Group accept no liability for any damage or loss which may arise directly or indirectly from using any of the Kaupthing Sites. No member of the Kaupthing Group guarantees that any functions of any Kaupthing Site will operate without interruptions or errors and Kaupthing and the members of the Kaupthing Group accept no responsibility or liability for damage or loss which may arise due to the fact that any of the Kaupthing Sites could not be used for any period of time. Furthermore, and without prejudice to the foregoing, Kaupthing and the members of the Kaupthing Group accept no liability for any damage arising from users' lost investment opportunities due to non-availability of any of the Kaupthing Sites. Whilst the Kaupthing Group takes reasonable efforts to ensure that the Kaupthing Sites remain free from viruses, worms and other malicious programs or code, users are responsible for adequately protecting their own equipment from viruses, worms and other malicious programs or code.

The Kaupthing Group endeavours to make the Kaupthing Sites accessible to as many users as possible, however certain configurations of user-equipment may prevent users from having full access to the features of the Kaupthing Sites. In particular, Kaupthing uses cookies in the website, further details of which are set out in the Privacy Policy for the website.

The information provided in the pages of the Kaupthing Sites is subject to discontinuation or change and may be updated from time to time without notice. These pages may contain incorrect or inaccurate information, and no member of the Kaupthing Group shall be held responsible for any direct or consequential loss arising from such incorrect or inaccurate information. Where information on the Kaupthing Sites is based on information from third party sources, it is based on sources which the Kaupthing Group considers reliable, but no member of the Kaupthing Group gives any guarantee that such information is correct or has been independently verified. Save where required in accordance with applicable laws or regulations in any jurisdiction, Kaupthing is not obliged to update information on the Kaupthing Sites.

Except where explicitly stated, information which is published on the Kaupthing Sites in no way constitutes investment advice or an offer or solicitation to buy or sell particular financial instruments, and users of the Kaupthing Sites are solely responsible for investment decisions which are based on information published on any Kaupthing Site. Subject to local laws, Kaupthing may, however, advise its customers via any applicable Kaupthing Site on buying and selling financial instruments and/or on tax issues providing it clearly states on the relevant Kaupthing Site that advice is being given. Information and advice from Kaupthing on the web is not related to any particular investment objective, financial position or specific interest of any particular user and is always of a general nature since it is not possible to take individual circumstances into account. The members of the Kaupthing Group are under no circumstances responsible for any damage which may occur as a result of such information and advice.

Trading in financial instruments involves a high level of risk. Past performance is not necessarily indicative of future performance. Users of the Kaupthing Sites who require further information regarding securities transactions, investments, tax issues and other matters, whether of a specific or general nature, are encouraged to contact the relevant Kaupthing Group entity in the country where the user is based. Contact details can be found on the relevant Kaupthing Site for each country, however users are advised not to use e-mail to communicate confidential information and no member of the Kaupthing Group shall be liable for any damage or loss suffered due to the communication of information by a user via e-mail.
The Kaupthing Group has not reviewed and is not responsible for the content of off-site pages or any other third-party site linked to the Kaupthing Sites. Users connecting to any third-party site from a Kaupthing Site are advised to review the terms and conditions and privacy policies of such sites.

The Kaupthing Group and its licensees have copyright to all the information (which includes but is not limited to content, designs, logos and pages) published on the Kaupthing Sites, unless otherwise specified or can be deduced from the nature of the material. The written consent of Kaupthing is required to publish, distribute or reproduce any information appearing on any Kaupthing Site. The nature of the information or the purpose of publishing, reproducing or distributing it is immaterial. Customers of Kaupthing are, however, permitted to keep such information for personal use.

Any dispute arising between any member of the Kaupthing Group and readers with reference to the Kaupthing Sites shall be governed by Icelandic law and is subject to the exclusive jurisdiction of the district court in Reykjavik, Iceland.

Last updated/revised 10 July 2008