02 MARCH 2011

KSFUK claim

I can confirm that the bank's claim in the administration of Kaupthing Singer & Friedlander Limited (in Administration) has been agreed at £246.1m. A catch up dividend of £21.8m has now been received, which brings total receipts in respect of this claim to £130.4m, being 53 pence in the £. There is no further update from the Administrators regarding their estimated outcome, which remains at 75 to 84 pence in the £.


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