Announcement from the Winding-up Board of Glitnir hf. regarding the launch of the creditor questionnaire

The Winding-up Board (the “Winding-up Board”) of Glitnir hf. (“Glitnir”) announces that Glitnir will be releasing a questionnaire for all registered claim holders with general claims (i.e. unsecured claims), disputed priority claims and/or disputed secured claims to complete.

At the informal creditors’ meeting on 2 July 2012, the Winding-up Board presented the proposed terms of a potential composition which would involve a proposal to Glitnir’s unsecured creditors to release their existing claims in return for cash or cash, debt securities and equity securities. Further details are available in the secure area of Glitnir’s website .

The purpose of the questionnaire is to enable Glitnir to determine whether or not it is permitted, by the securities laws of the jurisdictions in which the creditors are based, to offer securities to creditors as part of the composition proposal. Accordingly, the questionnaire does not constitute an offer of securities or a solicitation of an offer to buy securities, and it does not constitute any recommendation by Glitnir or its Winding-up Board. You should be aware that it is Glitnir’s intention that any offer and sale of securities in the United States of America is made on the basis of available exemptions from the registration requirements of the U.S. Securities Act of 1933.

The questionnaire is now available for online completion in the secure area of Glitnir’s website. Please go to http://glitnirbank.com/ to complete the creditor questionnaire by no later than 17 August 2012 .

If you require assistance to access the online version of the questionnaire, please contact creditorclaims@glitnirbank.com .For assistance in completing the questionnaire, please contact Glitnir’s Receiving Agent, Epiq, on Tel: +1 (646) 282-2426 (New York) or Email: This email address is being protected from spambots. You need JavaScript enabled to view it..

If you prefer to complete a hard copy of the questionnaire, please send a request to This email address is being protected from spambots. You need JavaScript enabled to view it.. The completed hard copy should be sent to Epiq at one of the below addresses:

• Epiq Systems Ltd, for the attention of Glitnir Information Agent, 11 Old Jewry, 4^th Floor, London, EC2R 8DU, England; or
• Epiq Bankruptcy Solutions, LLC, for the attention of Glitnir Information Agent, 757 Third Avenue, New York, NY 10017, United States of America.

The Winding-up Board of Glitnir hf.

Steinunn Guðbjartsdóttir, Supreme Court attorney
Páll Eiríksson, District Court attorney