Time limit to lodge a claim has expired

On 30 April 2009 the Winding-up Board of Landsbanki Íslands hf. invited all parties considering themselves as creditors of the bank to submit their claims within six months. That time limit expired on 30 October 2009. Those who did not file their claims against the bank within the time limit shall have their claims cancelled against the bank, unless specific exceptions apply as referred to in points 1-6 of Art. 118 of the Act on Bankruptcy etc., no. 21/1991.

A creditors' meeting will be held on Monday, 23 November 2009, at 9:00 am at Hilton Hotel Nordica, Suðurlandsbraut 2, Reykjavík. The meeting will be continued on the following day, Tuesday 24 November 2009, if needed. Parties who have submitted claims against the bank are entitled to attend the meeting. This meeting will discuss a list of claims lodged and the decision of the Winding-up Board insofar as it is then available. A list of claims lodged will be accessible to those who have submitted claims against the bank at least one week prior to the above-mentioned meeting.

The above-mentioned meeting is also held for discussion of the moratorium of Landsbanki Íslands hf. as provided for in Chapter III of the Act on Bankruptcy etc., No. 21/1991, cf. temporary provision V. of Act no. 161/2002. The Reykjavík District Court will once more consider the bank's moratorium on 26 November 2009.

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