Statement concerning the Supreme Court verdict of 15 February in Case No. 600/2011

Landsbankinn has recalculated exchange rate indexed loans in accordance with Act No. 38/2001, on Interest and Price Indexation, as amended by Act No. 151/2010. It is clear that the verdict of the Supreme Court necessitates changes to the recalculation method provided for by the Act and used by the bank.