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17.11.2014

Extended deadline until year-end

Today, November 17, 2014, LBI hf. and Landsbankinn hf. agreed to extend the deadline for completion of the extension and amendment of the Landsbankinn bonds to December 31, 2014.

The new deadline has been determined in further consideration of the Central Bank‘s previous correspondence to LBI by which it had indicated that a final answer regarding LBI´s conditions precedent could be available no later than the end of the year.

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LBI hf. (formerly Landsbanki Íslands hf.) is in winding-up proceedings in accordance with Icelandic law. LBI is governed by a Winding-up Board appointed by the Icelandic Courts.

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