This update covers the forthcoming Court hearing and the telephone conferences with the Depositors Action Group.

Forthcoming Court Hearing on 29 January 2009

In preparation for the Court Hearing on 29 January 2009, I have submitted an Affidavit dated 21 January 2009 which, amongst other items, will contain an estimate of the assets and liabilities of Kaupthing Singer & Friedlander (Isle of Man) Ltd as at 9 October 2008. The Affidavit is now available for viewing here.

We understand that a further Affidavit will be submitted by the Isle of Man Treasury early next week, prior to the Court Hearing.

Telephone conference dial in details

Following discussions with the Depositors Action Group I have set up a second conference call which will take place on Monday 26 January 2009 4:00 pm GMT.

I am making the access details generally available to depositors. If you wish to listen to the call, you will need to register in advance. Please click the link to register.

https://cossprereg.btci.com/prereg/key.process?key=PXUFB9G4D

Participation will be on a listen only basis. The facility is provided by a third party and accordingly there is a cost per head for usage. Should any party register and then not attend the liquidation will be charged.

The number of lines is limited and I would request that only those depositors who are able to make the call register as we will make the audio recording of the call available on the website for those of you who are unable to attend. Should depositors choose this route to listen, it will significantly reduce the costs. The audio recordings from the previous calls are available here.

Contacts

As previously, the best way to make contact is to write to the bank or to 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 Provisionally