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09.02.2016

Status and fulfilment of the Composition Agreement – information to enable issuance of securities

In relation to preparation of the issuance of the Bonds and the Shares (together the “Securities”) as a part of the fulfilment of the Composition Agreement of LBI, creditors entitled to receive Securities in accordance with the conditions of the Composition Agreement have been instructed to provide certain information and documents. It is emphasised that these instructions are more extensive than the information requested for the purposes of the de minimis payment, including with respect to anti-money laundering controls (KYC requirements) and the return of the appropriate IRS Form to confirm the tax position of each creditor in the United States of America.

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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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