The Bank's Nomination Committee has an advisory role when it comes to the election of Board members and submits a reasoned proposal at shareholders' meetings where election of Board members is on the agenda, of candidates it deems best suited to serve on the Board. For further information on the Committee's role, please see the Committee's Rules of Procedure, which can be accessed on the Bank's website.

The Bank's Nomination Committee invites those interested to submit their candidacies to the Committee. Candidates are requested to fill out and send the requisite form available on the Bank's website to the Nomination Committee. Deadline for declaring candidacy to the Nomination Committee expires at 16:00 (GMT) on 17 February 2025, the Committee will not assess candidates who submit their candidacy after this deadline. The Committee intends to publish its proposal alongside the notice of the Annual General Meeting or three weeks before the Annual General Meeting at the latest.

Please note that activities of the Nomination Committee, and the deadline for submitting candidacies to the Committee, does not limit a candidate's right to declare candidacy to the Board of Directors up to the general deadline for declaring candidacy. The general deadline for declaring candidacy to the Board of Directors expires five (5) days before the Annual General Meeting, or at 16:00 (GMT) on 26 March 2025.

If shareholders wish to express their views to the Nomination Committee regarding its work in the run-up to the Annual General Meeting, they are welcome to contact the Nomination Committee via email to nominationcommittee@islandsbanki.is no later than 17 February 2025.

For further information please contact: Bjarney Anna, ir@islandsbanki.is