Recommendations and conditions

- when acquiring Property Bonds

Information on this website about Property Bonds may not be applied as or in connection with an offer or an encouragement to any person, where such offer or encouragement is illegal under effective law, and the website is not in itself to be considered as such.

Landic Property's homepage is not an encouragement to acquire Property Bonds merely on the basis of the information on the website. We encourage all investors to read the prospectus for the individual Property Bond as well as to examine all relevant risks and legal issues referred to in the prospectus. We also encourage all investors to seek individual advice from accountants and attorneys.

The prospectus is only issued in the United Kingdom to persons subject to Article 19 or 49 of UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (with subsequent amendments). The Bonds are not nor will they be registered under the U.S. Securities Act of 1933 with subsequent amendments and may not be sold in the USA unless valid registration notice pursuant to the U.S. Securities Act of 1933 or a valid exemption from this requirement of registration exists.

In addition, we refer to the subsequent Notices to the Stock Exchange from the bond issuing companies that are also represented on our website.

Please note that the information in the prospectus is correct at the prospectus date. Significant changes in the information in the prospectus after the prospectus date and until the date of listing, which according to the rules on prospectuses require a prospectus addendum, will be published in such addendum.

In Property Bonds, i.a. claims in a number of subsidiaries are mortgaged. These claims are secured by way of mortgage deeds in a property portfolio belonging to the issuer's wholly-owned subsidiaries. We refer to the bond terms in the prospectus, section "Security basis of the Bonds".

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Landic Property
LANDIC PROPERTY    Kringlunni 4-12    103 Reykjavík    Iceland    Tel. (+354) 575 9000    Fax (+354) 575 9001    Email: info@landicproperty.com