Glitnir banki hf ("Old Glitnir")

The Resolution Committee of Old Glitnir today held the first meeting of the Informal Creditors’ Committee (the “ICC”), made up of representatives of key creditors of Old Glitnir. The meeting proved constructive and covered a broad range of topics. Further information in respect of the meeting will be made available on the website (www.glitnirbank.com) in due course. It is anticipated that the next meeting will be held within one month.
The Resolution Committee looks forward to working closely with the ICC towards a solution that maximises recovery for all stakeholders.

For and on behalf of
The Resolution Committee of Old Glitnir

The Resolution Committee of Old Glitnir are pleased to announce the appointment of the UK limited liability partnership of Deloitte & Touche LLP (“Deloitte”) to assist with the communication and consultation with all remaining creditors of Old Glitnir including its international branches, following the transfer of all of Old Glitnir’s deposits in Iceland into New Glitnir Bank hf, as announced on 15 October 2008.

It is the Resolution Committee's intention to provide regular update information to all creditors of Old Glitnir through a dedicated website, details of which will be announced shortly.

Deloitte will be assisting the Old Glitnir Resolution Committee to set up an informal committee of creditors representing a broad cross section of financial institutions, international deposit holders, and other creditors. Subject to the creditors' committee members entering into strict confidentiality undertakings, the Resolution Committee, with the assistance of Deloitte, intend to consult with the creditors' committee on their plans for realising the assets of Old Glitnir and making payments to creditors. In this regard, contact will be made with known creditors of Old Glitnir over the next few days.

Those creditors of Old Glitnir wishing to register their interest in this regard are invited to contact Old Glitnir through the following email address creditorcontact@glitnirbank.com

For and on behalf of:
The Resolution Committee of Old Glitnir