CEO of Glitnir hf.

Kristján Davíðsson the CEO of Glitnir hf. has requested to leave Glitnir hf. due to assignments outside of Iceland. The Resolution Committee has agreed and wishes him all the best in the future. Kristjan will assist the RC in the coming months on certain assignments. Ingolfur Hauksson, our CFO, will take the CEO post until further decided.