District Court of Reykjavik extends the Moratorium order of Glitnir hf.

Today, 18 August 2010, the District Court of Reykjavik ruled in favour of Glitnir's request for an extension to the Moratorium order originally granted on 24 November 2008. This last period of extension is due to end on 24 November 2010 and the formal winding-up process of the bank starts.