Pursuant to Condition 9.2(a) of the Convertible Notes due 2035, LBI ehf. hereby gives notice of its intention to make an unscheduled payment in respect of the Convertible Notes on 18 July 2025 of € 15.0 million.

The principal source of cash for this payment is from Claims on bankrupt estates, a payment which was received by LBI on 18 June 2025.

In accordance with the terms and conditions of the Convertible Notes, further detail will be provided on 7 July 2025.

Pursuant to 9.1 (d) of the Conditions LBI hereby confirms, as the Euro Equivalent Available Cash, as determined on a Determination Date in respect of a Payment Date, is lower than the Distribution Threshold, LBI has decided not to make a payment of principal to the Bondholders on 13 June 2025 and to postpone such payment of principal until the scheduled Payment Date on 15 December 2025 unless postponed further.

LBI’s Management Accounts for Q1 2025 have been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will be hosting investor calls going forward when there are material developments to report on.

The 2025 Annual General Meeting of LBI ehf. with company no. 540291-2259 and registered offices at Ármúli 21, 108 Reykjavík, Iceland (the “Company”) in respect to the year of 2024 will be convened and held at the offices of the law firm Réttur – Aðalsteinsson & Partners at Klapparstígur 25-27, 3rd floor, 101 Reykjavík, Iceland on 11 April 2025. The meeting will commence at 14:00 local time (GMT+0).

LBI’s Financial Statements 2024 has been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will host an investor call to present and discuss the results on Friday 4 April 2025 at 14:00 (GMT), 15:00 London (BST) and 10:00 New York time (EST).

Please note that shareholders of LBI will need to register in advance to participate in the call by sending an email to ir@lbi.is no later than 18:00 (GMT), 19:00 London (BST) and 14:00 New York time (EST) on Tuesday 1 April 2025.