The Winding up Board

According to the new Act no. 44/2009 amending the Act no. 161/2002 on Financial Undertakings, a winding up board has been appointed by the District Court of Reykjavík to handle various matters which are beyond the capacity of the Resolution Committee. Both committees are dedicated to working together in the best interests of the Bank and its creditors.

The Winding-up Board is comprised of:

• Supreme Court attorney Hörður Felix Harðarson who is also the bank's Assistant in the moratorium process,


• Supreme Court attorney Ragnar H. Hall


• Supreme Court attorney Lilja Jónasdóttir.

The main task of the Winding-up Committee is to handle the claims registration and recognition process whereby it will be formally decided who the creditors of the Bank are as well as the quantum of their claims. The Winding-up Committee will also handle the payment of recognized claims at the appropriate time.

It should be noted the Resolution Committee continues the ordinary business of the Bank in spite of the claims registration process. The Resolution Committee continues to preserve and protect the Bank's interests as necessary.

The Winding-up Board

Straumur Investment Bank
Borgartun 25
105 Reykjavik
Iceland

Contact the Winding-up Board: windingup@straumur.com