Reykjavík, 15 October 2009. Glitnir's Resolution Committee has, on behalf of its creditors, decided to exercise the option provided for in its agreement with the Icelandic state and take over 95% of share capital in Íslandsbanki. The outcome is based on thorough due diligence carried out by Glitnir's advisors on Íslandsbanki's operations.  Á íslensku

The Ministry of Finance has accepted a request from the Resolution Committee of Glitnir, on behalf of its creditors, for an extension until October 15th to arrive at a final decicion whether to acquire control of Islandsbanki.     Á íslensku

A meeting with creditors of Glitnir banki hf. was held on 22 September 2009 at Hilton Reykjavík Nordica hotel in Reykjavík.

At the meeting, the Resolution Committee, Moratorium Appointee and other presenters updated creditors in respect of the recapitalisation of Islandsbanki hf., together with other updates for creditors.