The Winding-Up Board of Glitnir herby present the Financial information for Q1 2013.

Glitnir Statement of Assets and Liabilities 31 March 2013

Due to the open creditors meeting on 29 May 2013 the Winding-up Board of Glitnir hf. will not issue new Notices of Successful Transfers from 15 May 2013 until, and including, 30 May 2013. The open creditor meeting will not affect other notices sent from the Winding-up Board or its transfer agent, Epiq Bankruptcy Solutions, LLC, in the transfer process of requested transfers. Notices of successful transfers will be issued from 31 May 2013.

Glitnir hereby presents a summary of Glitnir's Current Business plan (BP) which is based on an opening position of 31 December 2012. The cash flow and the cash balance at the end of each year are presented in three categories; 1) ISK,  2) FX from domestic counterparties, and 3) FX from foreign counterparties.

Please also note however that the cashflows exclude the monetisation of Íslandsbanki, which is too uncertain to make reliable assumptions on regarding quantum, timing and currency. Glitnir would also like to draw attention to the other important accompanying notes and risk factors set out in the presentation.

Glitnir Business Plan - March 2013

Glitnir hereby present the Financial Statements for the year 2012 and the Statements of Assets and Liabilities as of 31 December 2012.

1.      Glitnir Financial Statement 2012
2.      Glitnir Statement of Assets and Liabilities

The Winding up Board of Glitnir (the "WuB") is committed to securing  the best value for creditors of Glitnir, and asset realization has been a key part of the strategy.  At the time Glitnir acquired its 95% shareholding in Islandsbanki at the end of 2009,  it was  publicly stated  that the shareholding would be for sale in the future , with the sales process  expected to take 3 to 5 years.   Since then, Islandsbanki has been successful in its operations during the turbulent aftermath of the banking crisis in Iceland, and is a highly respected and professional domestic bank in Iceland.

Due to the open creditor meeting on 27 February 2013 the Winding-up Board of Glitnir hf. will not issue new Notices of Successful Transfers from 13 February 2013 until, and including, 27 February 2013. The open creditor meeting will not affect other notices sent from the Winding-up Board or its transfer agent, Epiq Bankruptcy Solutions, LLC, in the transfer process of requested transfers. Notices of successful transfers will be issued from 28 February 2013.

Glitnir herby presents a summary of Glitnir's Current Business plan (BP) which is based on an opening position of 30 June 2012.  In the BP the cash balance is presented split between ISK, FX from domestic counterparties, and FX from foreign counterparties.

Please also note however that the cashflows exclude the monetisation of Íslandsbanki, which is too uncertain to make reliable assumptions on regarding quantum, timing and currency. Glitnir would also draw  attention to the other important accompanying notes and risk factors set out in the presentation. Glitnir Business Plan

Skillcapital LLP (“Skillcapital”), working with the board selection committee (the “Board Selection Committee”) established by the Winding-up Board (the “Winding-up Board”) with the agreement of the Informal Creditors Committee, has identified nominees for the role of non-executive directors, as part of the planning for a potential composition proposal, which would see Glitnir hf. (“Glitnir”) exit the winding-up process.

Glitnir hf. herby present the Statement of Assets and Liabilities, incorporating an estimate of value of Glitnir's assets as at 30 September 2012 and a computation of liabilities.

  Glitnir Statement of Assets and Liabilities 30 September 2012.pdf

Due to the open creditor meeting on 29 November 2012 the Winding-up Board of Glitnir hf. will not issue new Notices of Successful Transfers until, and including, 29 November 2012. The open creditor meeting will not affect other notices sent from the Winding-up Board or its transfer agent, Epiq Bankruptcy Solutions, LLC, in the transfer process of requested transfers. Notices of successful transfers will be issued from 30 November 2012.