The Board of Directors of Glitnir HoldCo ehf., id. No 550500-3530, hereby gives notice that an Extraordinary General Meeting of the company will be held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, Reykjavík, on 16 August 2016 and will start at 14:00 pm.

The purpose of the meeting is to vote on proposed amendments to Articles 25.1, 25.5, 27 and 48 of Glitnir’s Articles of Association. The amendments, along with the reasoning behind the proposed amendments, can be found on the secure website within the Glitnir Post Composition section.

Agenda for the meeting:

A) Amendments to the Articles of Association for Glitnir HoldCo ehf.
B) Debates and voting of other matters, lawfully tabled.

Shareholder’s proposals, which shall be presented at the Extraordinary General Meeting, must be submitted to the Company at least 10 days before the meeting.

Further information and final submissions will be available for inspection by shareholders at Glitnir’s headquarters and on Glitnir’s secured website 7 days before the meeting.

Reykjavík, 2 August 2016

On behalf of Glitnir HoldCo ehf.,
Mike Wheeler
Steen Parsholt
Tom Grondahl

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 870,318,019)
Amortising Zero-Coupon
Convertible Notes due 2030 (the “Notes”)

This notice is made to holders of the Notes (hereafter, the “Noteholders”) by way of information and is published in accordance with Condition 21 of the Terms and Conditions of the Notes (the “Conditions”).

Capitalised terms used but not defined in this notice shall have the meanings given to them in the Conditions.

The Issuer effected an optional redemption of the Notes in part on 29 June 2016 in accordance with Condition 6.3(A)(ii). The aggregate principal amount of each Noteholder’s interest in the Notes was reduced accordingly as a result of such redemption. Noteholders who wish to confirm the principal amount outstanding in respect of their holding of Notes can do so through the secured website.

Reykjavík, 30 June 2016

On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer

Further to the announcement on 31 May 2016, Glitnir announce that the amount will be increased by EUR 3.739.000. The increased amount derive from realizations of the following assets:

Loans to customers: EUR 60,000, USD 2,200,000, NOK 8,083,000

Other assets: EUR 527,000, DKK 2,600,000

The amount of the Notes reduced by EUR 1,890,374, from EUR 899,139,177 to EUR 897,248,803 with reference to the Supreme Court Ruling announced on Glitnir website on 31 May 2016.

The final amount which will be used to redeem the Notes, by payment in cash, is EUR 26,930,784. The aggregate principal amount of the Notes will be EUR 870,318,019 immediately following the payment on 29 June 2016. In addition to the EUR amount of 9,198,999 the following amounts were converted into EUR on the Currency Conversion Date on 24 June 2016:

USD 11,098,184
GBP 3,315,983
NOK 30,117,994
DKK 2,600,000

The amount for distribution from the conversion on the Currency Conversion Date is EUR 17,731,762.

The amounts converted into EUR on the Currency Conversion Date, and forms part of the Euro Equivalent Redemption Funds, derive from realisations of the following assets:

Loans to customers:
EUR 2,936,000, USD 4,600,000 and NOK 19,319,000

Equity:
USD 3.297.000 and GBP 1.287.000

Other assets:
EUR 2,396,000, GBP 1,071,000 and DKK 2,600,000

Restricted cash:
EUR 3,719,999, USD 3,201,184, GBP 957,983 and NOK 10,798,661

Other sources is reduced hold back of assets support fund and operating expenses reserve.

Reykjavik, 27 June 2016

On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer

Since few of Glitnir’s Noteholders are incurring banking cost for each payment under the Notes, which is higher than the actual payment, the Board of Glitnir has agreed to allow noteholders the option of deferring receipt of payments under the Notes. Payments to those noteholders will instead be paid to a Cash Custody Account until Glitnir is instructed to do otherwise.

Noteholders can at any time request to receive the accumulated cash held in the Cash Custody Account. Glitnir will at the latest make payments from these Cash Custody Accounts shortly after the conversion of the Notes and Shares has taken place, in accordance with condition 7 of the Terms and Conditions of the Notes.

Noteholders wishing to defer payments can do so by filling out the form accessible below and return it to Glitnir. The form must be received a week before the scheduled payment day, the next being scheduled for 29 June 2016, in order for Glitnir to be able to accommodate the request.

Form to defer payments