Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).

Pursuant to Condition 9.2(a)(ii) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 25 June 2025, the Issuer hereby notifies the Bondholders of payment which will be applied in partial redemption of the Bonds on the Payment Date of 18 July 2025. The Euro Equivalent Available Cash for this payment is € 15,000,000.

An estimated breakdown of the currencies included and the assets from which the Euro Equivalent Available Cash has derived, in accordance with 9.1(b)(ii) of the Conditions, can be found on LBI’s website under https://www.lbi.is/financial-info.