A meeting of creditors of Landsbanki Íslands hf. was held on Thursday, 27 May 2010, in Reykjavík. The Resolution Committee presented a summary of LBI's financial position and the Winding-up Board gave an account of decisions on recognising claims. Creditors were provided with an opportunity to object to decisions by the Winding-up Board and, in addition, to raise general questions concerning the bank's affairs. Experts from the forensic accounting teams of Deloitte in London and the legal office Morrison and Foerster reported on their investigations into the business of Landsbanki Íslands hf.

Information on financials presented at the meeting and a report on the bank's activities are available on LBI's website by clicking on: Creditors meeting presentation and Creditors reports. In addition, creditors have access to further details on the restricted area of the bank's website.

The next creditors´ meeting will be held on Monday 23 August 2010 at Hotel Hilton Nordica Reykjavik. That meeting is not intended to discuss decisions by the Winding-up Board on recognition of claims as it will be limited to a review of the status of the bank and its Moratorium. The next creditors meeting to discuss decisions by the Winding-up Board on recognition of claims will be held on Wednesday 1 Desember this year at this same location.