Noteholders Meeting 16 January 2026

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 249,322,497)                                               
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)

Reference is given to a Notice dated 22 December 2025. 

The Issuer has made payments to noteholders under the Note for the total amount of EUR 1,333,625,545.  The remaining balance of the note is EUR 249,019,217.

Since all assets of the Issuer have now been realised the Board of Directors of the Issuer has proposed to dissolve the Issuer through solvent liquidation.

The Board of Directors of the Issuer proposes that all the Notes outstanding EUR 249,322,497 will be converted into Conversion Share under Condition 7.1. of the Terms and Conditions of the Notes.

Quorum

In accordance with Condition 22.2(A) of the Terms and Conditions of the Notes the quorum to vote on an Extraordinary Resolution in connection with Condition 7.1. is one or more Persons holding or representing 50% of the aggregate principal amount of the Notes outstanding.

Reykjavik, 9 January 2026.

On behalf of Glitnir HoldCo ehf.

Mike Wheeler

Steen Parsholt

Tom Gröndahl