Íslandsbanki hf. announced the results of its invitation to holders of its outstanding 300,000,000 7.375%. Senior Preferred Notes due 17 May 2026 to tender any and all of their Notes for purchase by the Offeror for cash (such invitation, the Offer), as further described in the attached announcement.

The Offer was announced on 17 June 2024 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 17 June 2024 prepared by the Offeror, and subject to the amendments to the terms of the Offer as set out in an extension announcement published by the Offeror on 25 June 2024. The Offeror received valid tenders of 272,657,000 in aggregate principal amount of the Notes for purchase pursuant to the Offer, which amounts to 90.89 per cent. of the outstanding principal amount of the Notes.

All valid tenders were accepted. If the Offeror satisfies the requirements of the terms and conditions of the Notes (the Conditions), then the Offeror intends to exercise its clean-up redemption option in respect of the remaining Notes which were not validly tendered in and accepted for purchase pursuant to the Offer, notice of which will be given pursuant to the Conditions.