Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).

Pursuant to 9.2(a)(ii) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 25 June 2018, the Issuer hereby notifies the Bondholders of payment which will be applied in partial redemption of the Bonds on the Payment Date of 18 July 2018. The Euro Equivalent Available Cash for this payment is €6,300,000.

Pursuant to Condition 9.2(a) of the Convertible Notes due 2035, LBI ehf. hereby gives notice of its intention to make an unscheduled payment in respect of the Convertible Notes on 18 July 2018 of € 6.3 million.

The principal source of cash for this payment is from Loans to customers, a payment which was received by LBI on 15 June 2018.

In accordance with the terms and conditions of the Convertible Notes, further detail will be provided on 5 July 2018.

Pursuant to 9.1(c) of the Conditions, and in furtherance of the Payment Notice issued on the 5 June 2018, the Issuer hereby notifies the Noteholders that the final amount of Euro Equivalent Available Cash paid on the 15 June 2018 will be €41,173,933.

Terms defined in this notice shall be constructed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated March 23rd, 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).

Pursuant to the Condition 9.1(b) of the Conditions, the Issuer hereby notifies the Noteholders of a payment which will be applied in partial redemption of the Notes on the Payment Date of 15 June 2018. The estimated Euro Equivalent Available Cash for this payment is € 41,308,430.

LBI's Management Accounts for Q1 2018 have now been released on LBI's website under https://www.lbi.is/financial-info

LBI will host an investor call to present and discuss the results on Tuesday 29 May 2018 at 13:00 (GMT), 14:00 (BST) London and 09:00 New York time (EST). The investor call is recorded and will be made available on LBI’s website for those unable to attend.

The Annual General Meeting of LBI ehf., reg. no. 540291-2259, will be held at Hilton Reykjavik Nordica Hotel at Sudurlandsbraut 2 in Reykjavik, on 18 April 2018. The meeting will commence at 10 AM.

On 28 March 2018, the Reykjavik District Court announced its judgment in 11 Money Market test cases rejecting all claims against LBI but not awarding any legal cost.  These 11 cases were selected as test cases from a pool of 219 similar Money Market cases against LBI.  

LBI's Financial Statements for 2017 have now been released on LBI's website under https://www.lbi.is/financial-info

LBI will host an investor call to present and discuss the results tomorrow Wednesday 21 March at 14:00 Reykjavik (GMT), 14:00 London (BST) and 10:00 New York time (EDT). The presentation for tomorrow's call is also available on LBI's web under https://www.lbi.is/financial-info/. The investor call will be recorded and subsequently made available on LBI’s website for those investors unable to attend.