The first meeting of the Informal Creditors’ Committee

The Resolution Committee of Glitnir hf. has today held the first meeting of the Informal Creditors’ Committee (the “ICC”), made up of representatives of key creditors of 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 of Glitnir hf. today held the first meeting of the Informal Creditors’ Committee (the “ICC”), made up of representatives of key creditors of 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 Glitnir hf.