Temporary halt of transfers from 19 February 2016 to 7 March 2016

Due to the Optional Redemption Date on 7 March 2016 Noteholders are hereby informed that they may not require transfers from 19 February 2016 until, and including, 7 March 2016. 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.