22 JANUARY 2010

Claim against Kaupthing hf

We have been informed that the Winding Up Committee of Kaupthing hf has rejected our claim in its entirety. We are in the process of lodging our objection, which will be filed in advance of the creditors meeting on 29 January 2010. If our objection is not upheld, the matter will go to Court in Iceland for a decision. We have no further information at this stage, however, we will issue a further update when more details become available.


The best way to make contact is to write to the bank or email branch@singers.co.im. If you need to telephone the bank, please use the main switchboard number +44 1624 699222.


Mike Simpson

Joint Liquidator