Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 253,747,615)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)

This notice is given to holders of the Notes (hereafter, the “Noteholders”) pursuant to Condition 12.1(e) 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.

On 5 October 2018 the Issuer was served a subpoena by the liquidator of Mainsee Holding ehf., a private limited liability company, of which the Issuer has been 100% share owner since 2009. The company was taken into bankruptcy on 7 February 2018. According to the subpoena, which was filed to the District Court of Reykjavik yesterday, the liquidator claims that a transaction which took place in 2011, and to which the Issuer was a party, should be rescinded and that the Issuer should pay the bankrupt estate in total apr. 10.7 m EUR. Considering Glitnir’s accepted claim in the bankruptcy, the worst economic outcome for Glitnir would be a payment of appr. 3.3 m EUR.

Reykjavík, 12 October 2018

On behalf of Glitnir HoldCo ehf.

Mike Wheeler 
Steen Parsholt 
Tom Grondahl

With reference to the statement from the Board of Directors dated 22 December 2017, please be advised that a notice to investors has been published on the secured website of Glitnir regarding a possible sale of an asset.

The Board of Directors of Glitnir HoldCo ehf., id. No 550500-3530 (the “Company”), hereby gives notice that the Annual General Meeting of the company will be held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, Reykjavík, on 30 January 2018 and will start at 3 pm. 

In accordance with the Articles of Association of the Company (the “AoA”) the following items will be on the meeting agenda:

A. A report on the Company's operation during the past year and its financial status at year's end;
B. The Company's audited financial statements for the past year of operations along with comments by the Company's auditors submitted for approval;
C. Decision to be made as to the handling of profit or loss and dividends and contributions to the reserve fund;
D. Subject to Articles 29 and 31 of the AoA, The Board and Chairman to be elected;
E. The Company's auditor to be elected for the period until the end of the next Annual General Meeting;
F. Proposal of the Board on remuneration policy for the forthcoming financial year to be presented and voted upon;
G. Decision concerning payments to members of the Board for their work during the forthcoming year of operations;
H. Debates and voting of other matters, lawfully tabled.

Shareholder’s proposals which shall be presented at the Annual General Meeting must be submitted to the Company at least 10 days before the meeting.

Further information on the agenda items and final submissions will be available for inspection by shareholders at Glitnir’s headquarters and on Glitnir’s secured website at least 7 days before the meeting.

Reykjavík, 15 January 2018

On behalf of Glitnir HoldCo ehf.

Mike Wheeler
Steen Parsholt
Tom Grondahl

The Board of Directors of Glitnir HoldCo ehf., id. no 550500-3530, hereby gives notice that a Noteholders Meeting will be held at Hilton Reykjavik Nordica, Suðurlandsbraut 2, Reykjavík, on 30 January 2018 and will start at 2 pm.

The meeting is convened in accordance with the provisions of Schedule 2 of the Deed of Issuance and in accordance with Article 22.1 of the Terms and Conditions of the Notes.

The meeting is convened to vote on proposed amendments to the terms and conditions of the Notes. More detailed notice of the meeting along with the proposed amendments can be found on the secured website.

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 253,747,615)
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 28 December 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, 28 December 2017

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

Please be advised that a statement from the Board of Directors has been published on the secured website of Glitnir.

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”)

Further to the announcement on 7 December 2017, the Issuer hereby announces that the EUR Equivalent Redemption Funds (EERF) to be distributed on 28 December 2017 will be increased by EUR 2,000,000. The increased amount derives from realizations of restricted cash (indemnity fund).

The amount which will be used to redeem the Notes on 28 December 2017 is EUR 9,994,113 (of which EUR 1,320,298 comes from the currency conversion). The amount derives from realisations of the following assets:

a) Equity: NOK 13,022,095 and EUR 463,000.
b) Loans: EUR 2,582,000.
c) Other assets: EUR 3,623,000.
d) Restricted cash (indemnity fund): EUR 2,000,000.

Reykjavik, 22 December 2017

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

Due to the Optional Redemption Date on 28 December 2017 Noteholders are hereby informed that they may not require transfers from 13 December 2017 until, and including, 28 December 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 263,741,728)
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 28 December 2017. The Issuer is providing the following information pursuant to Condition 6.3(B) in connection with such redemption:

(i) The Currency Conversion Date is 20 December 2017.

(ii) The estimated Euro Equivalent Redemption Funds (EERF) to be distributed is EUR 7,994,000.
The breakdown of the currency of the amounts included in the calculation of such estimate is as follows:
• a) EUR 6,669,000
• b) NOK 13,022,095

(iii) The Euro Equivalent Redemption Funds derive from realizations of the following assets:
• a) Equity: NOK 13,022,095 and EUR 463,000.
• b) Loans: EUR 2,582,000.
• b) Other assets: EUR 3,623,000.

The issuer will provide further information on 22 December 2017 (which will be the Optional Cash Redemption Second Notification Date). That notification will include a confirmation of the final amount of 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 28 December 2017 and other information required under Condition 6.3 (C.)

Reykjavík, 7 December 2017

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

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.