MEETING INVITATION

The Board of Directors of LBI ehf., reg. no. 540291-2259, hereby gives notice that an extraordinary general meeting of LBI ehf. will be held at Hilton Reykjavik Nordica at Sudurlandsbraut 2 in Reykjavík on 16 September 2016. The meeting will start at 10 am.

Agenda:

Amendments to LBI ehf.’s Articles of Association

1. Shortening of summoning notice for extraordinary general meetings.

2. Conversion of the share capital to EUR.

3. Other matters.

Proposals which shall be presented at the extraordinary general meeting must be submitted to the Board of Directors of LBI ehf. at least 10 days before the meeting.

Further information on the agenda items and final submissions will be available for inspection by shareholders at LBI ehf.’s offices and on its website 7 days before the meeting.

The proposals which the Board of Directors will submit at the meeting are available here.

Reykjavik, 2 September 2016
On behalf of LBI ehf.

Ársæll Hafsteinsson, CEO