5. June 2026

Notice of Updated Terms and Conditions

We would like to draw attention to the updated General Terms and Conditions of Fossar Investment Bank hf. The updated terms have been published on the Bank’s website and may be accessed here. The updated terms will take effect upon publication on Fossar’s website on 5 June 2026.

By continuing to engage in business with Fossar after the effective date, clients are deemed to have accepted the updated terms. If clients do not agree with the amendments made to the terms, they have the option to terminate their business relationship with the Bank in accordance with the provisions of the terms.

The main changes to the General Terms and Conditions are as follows:

• A clear provision has been added authorising Fossar to share necessary client information with Íslensku verðbréf hf. where a client uses services provided jointly by the two companies, provided that such sharing is necessary in order to deliver the agreed services.
• It is emphasised that such sharing of information, including information that may be subject to banking secrecy, shall at all times take place in accordance with the provisions of the Act on Financial Undertakings regarding banking secrecy and the Act on Data Protection and the Processing of Personal Data, as well as Fossar’s Privacy Policy.

Please note that the above summary is not exhaustive and is provided for information purposes only. In the event of any discrepancy between this summary and the relevant terms, the terms themselves shall prevail.

Further information about the updated terms may be requested by sending an email to info@fossar.is.