Results of the voting at the Noteholder Meeting and the Extraordinary General Meeting on 16 August 2016

At the Noteholder Meeting, held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, Reykjavík, on 16 August 2016 at 1:30 pm, the following proposals set out in the notice of the meeting were duly passed by the majorities set out below:

1. Amendment of paragraph 12 of Schedule 12 to the Deed of Issuance:
97.43% of noteholders who attended the meeting voted in favour of the proposal
0.03% of noteholders who attended the meeting voted against the proposal

2. Amendment to the definition of “Permitted Indebtedness” and “Permitted Security”, as defined in the Terms and Conditions of the Notes:
Vast majority of noteholders approved the proposal. No noteholder rejected the proposal.

The meeting was attended by noteholders representing 70,93% of the remaining balance of Notes.

At the Extraordinary General Meeting, held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, Reykjavík, on 16 August 2016 at 2:00 pm, the following proposal set out in the notice of the meeting was duly passed by the majorities set out below:

1. Amendments to the Articles of Association for Glitnir HoldCo ehf.:
97.73% of shareholders who attended the meeting voted in favour of the proposal
0.06% of shareholders who attended the meeting voted against the proposal

The meeting was attended by creditors representing 72,08% of Glitnir´s share capital.

The meeting minutes from the two meetings have been published on the secure website.