BCL Circular 2008/222 of 9 October 2008 - Payment Moratorium - Kaupthing Bank Luxembourg S.A.

2, boulevard Royal L-2983 Luxembourg Telephone (+352) 4774-4203 Fax (+352) 4774-4901

To all credit institutions

Luxembourg, 9 October 2008

BCL Circular 2008/222
Payment Moratorium – Kaupthing Bank Luxembourg S.A.

Dear Sirs, Madams,

Following the measures taken today regarding the aforementioned credit institution, all recipients of this circular are requested to urgently notify the Central Bank of Luxembourg of all assets held by this establishment with them.

These assets may not be subject to any disposal measures without the prior agreement of the BCL.

All communications should be addressed to the legal services department, attention:

Ms. Elisabeth Simoes Lopes, Tel.: 4774-4245, Fax: 4774-4910 E-Mail: elisabeth.simoeslopes@bcl.lu

Mr. Charles Hurt, Tel: 4774-4271, Fax: 4774-4910 E-Mail: charles.hurt@bcl.lu

Please accept, Dear Sirs, Madams, the expression of our distinguished sentiments.

CENTRAL BANK OF LUXEMBOURG
The Management

Serge Kolb Andrée Billon Yves Mersch