The Board of Glitnir Holdco ehf. has published the Consolidated Interim Financial Statements for 1 January to 30 September 2017 on the secured website of Glitnir.

The Board of Glitnir HoldCo ehf. has published the Consolidated Interim Financial Statements for 1 January to 30 June on the secured website of Glitnir along with a Monetisation Plan.

As of 1 July 2017, Glitnir HoldCo ehf. (“Glitnir”) will be assuming all administrative responsibilities currently being handled by Epiq related to its Composition, Notes and Share Transfer Process, and any other tasks related to these processes.

As a result, Epiq will no longer be involved with this case.

Please direct any future inquiries via email to: This email address is being protected from spambots. You need JavaScript enabled to view it. and/or send any documents directly to Glitnir at this address:

Glitnir HoldCo ehf.
Ármúli 4
108 Reykjavík
Iceland

Any inquiries sent to Epiq after 1 July 2017 will be forwarded directly to Glitnir at the above address. Any documents sent to Epiq after 1 July 2017 will also be forwarded to Glitnir, although there may be a slight delay in this process. To ensure that there is no interruption with the delivery and processing of hard copy documents, we strongly suggest that you send these directly to Glitnir at the address listed above.

Furthermore, as of 1 July 2017 no administrative fee will be taken for administering the transfer of Notes and Shares. Glitnir reserves the right to review the administrative fee policy and alter the price at a later date.

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 263,741,728)
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 1 June 2017 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, 1 June 2017

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

Further to the announcement on 12 May 2017, Glitnir confirms that the final amount, which will be used to redeem the Notes, by payment in cash, is EUR 20,822,430. In addition the Notes will be reduced by EUR 1,211,132 in relation to Notes that were transferred to Glitnir due to settlement agreements between Glitnir and the holders of those Notes. The reduction in Notes brings the remaining balance to 284,564,158 EUR, which is the basis for the calculation of payments on 1 June 2017. The aggregate principal amount of the Notes will be EUR 263,741,728 immediately following the payment on 1 June 2017. Noteholders who wish to confirm the payment amount to be sent on 1 June 2017 can do so through the secured website.

The Board of Glitnir Holdco ehf. has published the Consolidated Interim Financial Statements for 1 January to 31 March 2017 on the secured website of Glitnir.

Due to the Optional Redemption Date on 1 June 2017 Noteholders are hereby informed that they may not require transfers from 17 May 2017 until, and including, 1 June 2017. This halt of transfers is necessary for the Company to be able to make payments to registered Noteholders on the Optional Redemption Date. This halt of transfers is in accordance with Condition 4.1 (b) of the terms and conditions of the Amortising Zero-Coupon Convertible Notes of Glitnir HoldCo ehf. (the “Conditions”).

Further information about the Optional Redemption can be found here.

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

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 285,775,290)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)

This notice is made to holders of the Notes (hereafter, the “Noteholders”) pursuant to Condition 6.3 of the Terms and Conditions of the Notes (the “Conditions”) and is published in accordance with Condition 21. Capitalized terms used but not defined in this notice shall have the meanings given to them in the Conditions.

The Issuer hereby notifies the Noteholders that it will effect an optional redemption by redeeming the Notes (in part) in cash on 1 June 2017. The Issuer is providing the following information pursuant to Condition 6.3(B) in connection with such redemption:u

(i) The Currency Conversion Date is 26 May 2017.

(ii) The estimated Euro Equivalent Redemption Funds (EERF) to be distributed is EUR 20,972,098.

The breakdown of the currency of the amounts included in the calculation of such estimate is as follows:

a) EUR 10,244,018
b) USD 5,264,834
c) NOK 38,297,236
d) GBP 1,571,741

(iii) The Euro Equivalent Redemption Funds derive from realizations of the following assets:

a) Restricted cash: EUR 8,187,905, USD 5,264,837, NOK 17,798,158 and GBP 1,571,741. The restricted cash is available due to a settlement agreement between Glitnir and LBI ehf. on a claim that LBI lodged in the winding-up proceedings of Glitnir and has been in dispute.
b) Loans to customers: EUR 1,723,626
c) Equity: NOK 20,499,079
d) Other assets: EUR 332,487

The issuer will provide further information on 30 May 2017 (which will be the Optional Cash Redemption Second Notification Date). That notification will include a confirmation of the final amount of the Euro Equivalent Available Optional Redemption Funds which will be used to redeem the Notes in cash, the aggregate principal amount of the Notes that will be outstanding immediately following the Optional Redemption Date on 1 June 2017 and other information required under Condition 6.3 (C.)

Reykjavík, 12 May 2017

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

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 285,775,290)
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 26 April 2017 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, 26 April 2017

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

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