Optional Redemption Second Notification Date - 26 April 2017

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 314,058,317)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)

Further to the announcement on 5 April 2017, the Issuer hereby announces that the EUR Equivalent Redemption Funds (EERF) to be distributed on 26 April 2017 will be EUR 28,283,027. The amount derives from realizations of shares and equity instruments.

Reykjavik, 24 April 2017

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