LBI’s Management Accounts for Q1 2023 have been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will be hosting investor calls going forward when there are material developments to report on. There were no material developments during the quarter ended 31 March 2023 and LBI will therefore not be hosting an investor call at this time.

Pursuant to 9.1 (d) of the Conditions LBI hereby confirms, as the Euro Equivalent Available Cash, as determined on a Determination Date in respect of a Payment Date, is lower than the Distribution Threshold, LBI has decided not to make a payment of principal to the Bondholders on 15 June 2023 and to postpone such payment of principal until the scheduled Payment Date on 15 December 2023 unless postponed further.

LBI’s Financial Statements 2022 and investor call presentation have been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will host an investor call to present and discuss the results on Monday 27 March 2023 at 15:00 (GMT), 16:00 London and 11:00 New York time (EDT).

Please note that shareholders of LBI will need to register in advance to participate in the call by sending an email to ir@lbi.is no later than 18:00 (GMT) London and 14:00 New York time (EDT) on Friday 24 March 2023.

In accordance with Art. 17.1 of LBI's ehf. Articles of Association the Annual General Meeting of LBI ehf., reg. no. 540291-2259, will be held at BBA//Fjeldco at Katrínartún 2, 19th floor, 105 Reykjavík, on 4 April 2023. The meeting will commence at 10.00 AM (GMT) Reykjavik.