Optional Cash Redemption - Second Notification Date - 19 December 2025

Optional Cash Redemption - Second Notification Date, 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”)

Further to the announcement published on 27 November 2025, the Issuer hereby announces that the EUR Equivalent Redemption Funds to be distributed on 19 December 2025 will be increased by EUR 300,000.

In accordance with the Composition (and the declaration relating to the Custody Arrangements as described in the Explanatory Memorandum) unclaimed amounts have now been held for ten years from the date of Composition.  Any cash at Custody at the end of the ten years period has now been revert to the Company.  The increased amount of EUR 300.000 derives from realizations of the custody accounts.

The amount which will be used to redeem the Notes on the 19 December 2025 is EUR 4,700,000.

Reykjavík, 16 December 2025

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