Optional Cash Redemption Notice, 19 December 2025

Optional Cash Redemption Notice, 19 December 2025

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 253,729,287)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)

This notice is made to holders of the Notes (hereafter, the “Noteholders”) pursuant to Condition 6.3 of the Terms and Conditions of the Notes (the “Conditions”) and is published in accordance with Condition 21. Capitalized terms used but not defined in this notice shall have the meanings given to them in the Conditions.

The Issuer hereby notifies the Noteholders that it will affect an optional redemption by redeeming the Notes (in part) in cash on 19 December 2025. The Issuer is providing the following information pursuant to Condition 6.3(B) in connection with such redemption:

The estimated Euro Equivalent Redemption Funds (EERF) to be distributed is EUR 4,400,000.

The Euro Equivalent Redemption Funds derive from the cash balance of Glitnir of EUR 4.400.000.

The issuer will provide further information on 16 December 2025 (which will be the Optional Cash Redemption Second Notification Date).  That notification will include confirmation of the final amount of Euro Equivalent Available Optional Redemption Funds which will be used to redeem the Notes in cash, the aggregate principal amount of the Notes that will be outstanding immediately following the Optional Redemption Date on 19 December 2025.

Reykjavík, 27 November 2025

On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer