Final Notice of Payment

Pursuant to Condition 9.1(c) of the Terms and Conditions of the Bonds, and in furtherance of the Payment Notice by the Issuer on June 20th, 2016, LBI ehf. hereby notifies the Bondholders of the final amount of the Euro Equivalent Available Cash Payment of €43,555,738

The currencies included in the determination are EUR 38,600,000, USD 3,400,000 converted at EURUSD 1.1293, NOK 10,400,000 converted at EURNOK 9.3555 and DKK 6,200,000 converted at EURDKK 7.4396.

A breakdown of the currencies included and assets from which the Euro Equivalent Available Cash will derive can be found here.

The aggregate principal amount of the Bonds which will be outstanding immediately following the Payment is €1,981,326,462.

Payments to Bondholders under the Bonds will be made to the euro account of the Bondholder noted on the Register. If Bondholders wish future payments to be made to a different account they should notify US Bank as the Registrar at CDOAgencyServices.LBIhf@usbank.com.

Payments with respect to Bonds which have been placed on escrow with the Securities Escrow Agent will be made to an account in the name of the Securities Escrow Agent as provided for in the Securities Escrow Declaration.

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