Glitnir Banki hf (ICE:GLB) 13 November 2008 Glitnir banki hf ("Old Glitnir")

The Resolution Committee of Old Glitnir today held the first meeting of the Informal Creditors' Committee (the "ICC"), made up of representatives of key creditors of Old Glitnir. The meeting proved constructive and covered a broad range of topics. Further information in respect of the meeting will be made available on the website (www.glitnirbank.com) in due course. It is anticipated that the next meeting will be held within one month.

The Resolution Committee looks forward to working closely with the ICC towards a solution that maximises recovery for all stakeholders.

For and on behalf of

The Resolution Committee of Old Glitnir

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Glitnir Banki hf

http://www.glitnirbank.com

ISIN: IS0000000131

Stock Identifier: XICE.GLB

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