The Winding-up Board of LBI hf. (formerly Landsbanki Islands hf.) has implemented a moratorium on claim transfers from 23^rd of May 2013 to the 31^st of May 2013.

LBI's Winding-up Board has updated details of the estimated value of LBI's asset portfolio as of 31/12/2012. Considerable success has been achieved in boosting recoveries, and the real increase in the estimated value of assets QoQ amounted to over ISK 32 billion.

The District Court of Reykjavik has reached a verdict in two more of cases, E-4646/2011 and E-4649/2011, in which LBI had filed for approval the voiding of payments made to so-called money market deposits. According to the Decision, the voiding claim was rejected. This is the opposite conclusion to the one LBI had in the first case, E-6440/2011, where the voiding claim was approved. All these judgments will be appealed to the Supreme Court.

As of 3 January 2013, the name of Landsbanki Islands hf. has been changed and is hereafter LBI hf.

Yesterday the District Court of Reykjavik in case no. E-6440/2011 reached a verdict in the first of cases in which LBI had filed for approval the voiding of payments made to so-called money market deposits.

The Winding-up Board of Landsbanki Íslands hf. (LBI) announces the signing with Apollo Global Management on the sale of the entire shareholdings held by Landsbanki in Aurum Holdings Limited, which trades in the UK as Mappin & Webb, Goldsmiths and Watches of Switzerland. Landsbanki Íslands hf. was a majority shareholder of the company.

The Winding-up Board of Landsbanki Íslands hf. held a creditor‘s meeting today, 28 November 2012.

The Winding-up Board of Landsbanki Islands hf. has implemented a moratorium on claim transfers from 21st of November 2012 to the 29th of November 2012.

The Winding-up Board announces that the next Creditors meeting of Landsbanki Islands hf. will be held on the 28. of November at 9:00 am at Icelandair Hotel Natura at Nautholsvegur 52 in Reykjavik. Please note that this is a change to the date and location of the next Creditors Meeting. It had been scheduled previously for 22 November at the Hilton Nordica.

The Winding-up Board of Landsbanki Islands hf. (LBI) made partial payments to priority creditors in the winding-up proceedings for the third time early in October. In this instance, total payments were equivalent to ISK 82 billion.

The Winding-up Board of Landsbanki Islands hf. announces the completion of the sale of the entire shareholdings held by Landsbanki in Corporal, the holding company of Hamleys, to Groupe Ludendo.

LBI has sold a 7% stake in Eimskip shares to the Pension Fund of Commerce (Lífeyrissjóður verzlunarmanna). Yucaipa, the other major owner of Eimskip, has also sold a 7% stake to the Pension Fund. After this sale, LBI's ownership share is reduced to 30.3%.

The Winding-up Board of Landsbanki Íslands hf. (“WUB”) instituted a claim filing process in 2009. For the holders of Landsbanki bonds, this included the blocking of a holder’s bonds and the filing of a claim directly with the WUB. Claimants were required to have their positions blocked as an integral part of the claims filing process, in order to prove ownership.

The Winding-up Board of Landsbanki Íslands hf. held a creditors' meeting today, 31 May 2012.

On Thursday, 31 May 2012, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of Landsbanki Íslands hf., at Hilton Hotel Nordica, Suðurlandsbraut 2, Reykjavík.

The Winding-up Board of Landsbanki Islands hf. has decided to temporarily lift the moratorium on the transfer of claims relating to priority claims pursuant to article 112 of the bankruptcy act.

An agreement to purchase Actavis by pharmaceutical company Watson Pharmaceuticals was signed in New York, USA, today.

The Winding-up Board of Landsbanki Islands hf. has implemented a moratorium on claim transfers from 14th of May 2012 to the 1st of June 2012.

As a response to requests from creditors that have blocked positions in order to file a claim with the estate, the Winding-up Board of Landsbanki Íslands hf., has implemented a realignment process. If creditors wish to move their blocked positions they should contact our agent at Epiq Bankruptcy Solutions, LLC, via e-mail to landsbanki@epiqsystems.com.

Further to its announcement on 15 February 2012, Landsbanki announces the completion of the sale of the entire shareholdings held by Landsbanki and Glitnir hf (together with Landsbanki, the "Sellers") in Iceland Foods Group Limited ("Iceland Foods") to Oswestry Acquico Limited, a company owned by members of the senior management team of Iceland Foods, including Malcolm Walker, and other equity investors (the "Transaction").