LBI loses six remaining voiding cases in the District Court

On Friday 22 December 2017, the District Court of Reykjavik announced its verdict on the six remaining court cases regarding claims for voiding. In all instances, LBI claims for rescission were rejected by the court on the basis that the payment appeared ordinary under the circumstances. LBI will review whether to appeal the rulings.

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Scheduled payment confirmed to be €140,464,677

Pursuant to 9.1(c) of the Conditions, and in furtherance of the Payment Notice issued on the 5 December 2017, the Issuer hereby notifies the Noteholders that the final amount of Euro Equivalent Available Cash paid on the 15 December 2017 will be €140,464,677.

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Terms defined in this notice shall be constructed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated March 23rd, 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 the Condition 9.1(b) of the Conditions, the Issuer hereby notifies the Noteholders of a payment which will be applied in partial redemption of the Notes on the Payment Date of 15 December 2017. The estimated Euro Equivalent Available Cash for this payment is € 140,581,694.

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Financial Information for Q3 2017

LBI has published its Management Account for Q3 2017 on its website under

LBI will host an investor call on Thursday 30 August 2017 at 14:00 GMT (14:00 London time, 09:00 New York time) and go through a presentation available on this website. Participants can use the dial-in using the instructions below. The investor call will be recorded and subsequently made available on LBI’s website for those unable to attend.

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LBI has completed LEI registration

Please be advised that LBI ehf. recently received a global Legal Entity Identifier (LEI) as can be evidenced by the following link:

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