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Landsbanki Guernsey Limited in Administration update 7 December 2010

Further to the Court hearing held on 7 December 2010, the Bank was placed into Compulsory Liquidation and Mr Richard Anthony Garrard and Mr Lee Antony Manning appointed as Joint Liquidators.

A date for the Commissioner’s meeting to examine and verify the interim accounts of the Joint Liquidators, consider and approve claims as appropriate, and consider a distribution to creditors has been provisionally set for 19 January 2011, however all creditors will be contacted by the Joint Liquidators in writing to confirm the details of this meeting.

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