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