Glitnir hereby announces its intention to dispose of its claims and shares in the Icelandic company Klakki ehf. (www.klakki.is).
Klakki ehf is a holding company mostly owned by Icelandic and foreign financial institutions and pension funds. The company's main assets are Lýsing hf. and other smaller assets. Lýsing hf. operates in the field of finance through finance lease agreements in Iceland. Klakki's mission is to actively manage its portfolio in order to strengthen the operations of its subsidiaries and to maximise asset value.
Glitnir holding in Klakki is the composition debt issued by Klakki and share capital. The balance of the composition debt and the shares are:
• Trance A ISK 20,733,765,780
• Trance C ISK 2,823,072,730
• Number of shares ISK 3,268,858,150 (11.6% of total shares in Klakki)