ABBL

Following the successful completion of the restructuring plan of Kaupthing Bank Luxembourg S.A. this Friday 10th July 2009, the Chairman of the Board and the Management are pleased to announce the opening of Banque Havilland S.A. on Monday 13th July 2009.

Banque Havilland S.A. will focus on the provision of a traditional Private Banking service for new and existing clients. Core service lines will include Private Banking, Wealth management and Asset management.

Banque Havilland S.A. will target HNW individuals in Europe, the Middle East and Asia.

Banque Havilland S.A. is owned by the Rowland family. The investment activities of the Family include the Blackfish Group which provides investment management and advisory services to private clients and a portfolio of investment funds developed over the last forty five years. The acquisition of a banking licence via the purchase of Kaupthing Bank Luxembourg S.A. is viewed by the Family as a natural progression of their involvement within the financial services sector and the evolution of the Blackfish Group.

The opportunity to purchase a Bank with an existing, well-developed operating infrastructure and experienced Wealth management, Private Banking and Asset management teams, will allow the family to realise their business strategy, in a financial environment which has changed rapidly over the last year.

In addition Luxembourg is viewed as a prime location, as it has the right legal, political, and communications infrastructure for a traditional Private Banking operation.

For further information please visit www.banquehavilland.com

(Source: Banque Havilland)