Landsbankinn hf. announced today that it will issue EUR 500 million of senior unsecured bonds under its EMTN program. The bonds will be listed on the Irish Stock Exchange on 15th September.

MEETING INVITATION

The Board of Directors of LBI ehf., reg. no. 540291-2259, hereby gives notice that an extraordinary general meeting of LBI ehf. will be held at Hilton Reykjavik Nordica at Sudurlandsbraut 2 in Reykjavík on 16 September 2016. The meeting will start at 10 am.

LBI has made its Management Accounts for Q2 2016 available under Financial Information (here).

LBI will host an investor call at 12:00 GMT tomorrow, the 26th of August, where LBI’s management will go through the highlights of the results, summarised in a presentation which is available on the website under Financial Information (here).

Financial information for Q2 2016 will be released on this website at the close of business Icelandic local time on August 25th, 2016. In line with EUR adopted as LBI´s operational currency, the financial statements are presented in EUR.

In line with changes in the operational status of LBI, all historical and future financial information published by LBI will be available on its public website, www.lbi.is. The website will also become the Bondholder Website as defined in the composition documents and the terms and conditions for the EUR 2,041,382,201 Convertible Note due 2035. Future notices regarding the Convertible Note, including payment notifications, will be published on the public website, www.lbi.is.

The presentation assessable here, shows the financial information for Q1 2016 as presented at the annual general meeting of LBI ehf held on the 14th of April 2016. (Please note that this presentation has been available on the closed bondholder website since April.)
Financial information for Q2 2016 will be available before the end of August 2016. (This is line with the terms and conditions of LBI issued bond, as financial information should be available within 60 days of the relevant accounting period.)

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

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“).

The Central Bank of Iceland offers to purchase krónur in exchange for cash payment in foreign currency. More specifically, the Bank is offering to buy krónur defined as offshore krónur according to Act no. 37/2016. The auction will take place on Thursday 16 June 2016. It will begin at 10:00 hrs. and last until 14:00 hrs. that same day.

 The expected conversion rates for beneficial owners of the Deutsche Bank Trust Company America notes is shown in the table below. The table indicates the expected units of EUR of a new bond issued by LBI ehf and the expected ISK units of new share shares in LBI ehf each beneficial owner will receive in exchange for 1000 nominal units of the relevant ISIN / CUSIP held by DBTCA as trustee: