Notice is hereby given that LBI ehf. (“LBI”), pursuant to paragraph B(3) of Annex 1 to the Terms and Conditions of LBI’s EUR 2,041,382,201 Convertible Bonds due 2035, hereby nominates Miss Sarah Smith, who is a partner in the law firm of Akin Gump LLP, Eighth Floor, Ten Bishops Square, London, E1 63G, to take the chair at the meeting of Bondholders to be held on 28 November 2016 at 10.00a.m. (Icelandic time) at Hotel Hilton Nordica, Suðurlandsbraut 2, 108 Reykjavik, Iceland.