Announcement from LBI hf

Reference is made to (i) the Senior Indenture, dated as of July 21, 2006, (the “Indenture”), between Landsbanki Íslands hf. (now known as LBI hf.), as issuer, (“LBI”) and Deutsche Bank Trust Company Americas (“DBTCA”), as trustee, as supplemented, pursuant to which the 6.10% Senior Notes, due 2011, the Floating Rate Senior Notes, due 2009, and the €950,000 Autocallable Linked Notes due 2010, Linked to Telefónica S.A. and Banco Santander Central Hispano S.A. (collectively, the “Notes”) were issued.

Please note that LBI has established a record date of 2 October 2015, entitling beneficial owners of Notes as of that date to direct DBTCA to vote their beneficial interests with respect to the proposal for a compositon to be made by the Winding-up Board on behalf of LBI.

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