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2016-01-19

Islandsbanki hf.: Doc re. Íslandsbanki outlook revised from stable to positive by S&P

Today, Standard&Poor's revised its outlook on Íslandsbanki to positive from
stable. The 'BBB-/A-3' long- and short-term counterparty credit ratings were
affirmed.

According to S&P the economic resilience in Iceland is likely to strengthen
following significant progress toward lifting capital controls. The
compositions of the failed Icelandic banks estates have been agreed,
significantly reducing risk from the eventual removal of capital controls.
With more resilient economy and lower risk from potential large swings in the
exchange rate S&P notes a positive economic risk trend for banks in Iceland.
This should improve Icelandic nonsovereign borrower's access to foreign
markets.

The positive outlook indicates that S&P could raise the ratings if
Islandsbanki's credit profile would strengthen in an improving operating
environment.

On Friday, S&P raised Iceland's ratings to BBB+ on further progress toward
capital account liberalization and declining debt levels.

For further information:

* Investor Relations - Tinna Molphy,tinna.molphy@islandsbanki.is, tel +354
440 3187.
* Media Relations - Edda Hermannsdottir, edda.hermannsdottir@islandsbanki.is
and tel: +354 440 4005.

S&P - Íslandsbanki on positive outlook - 19 Jan 2016
http://hugin.info/150077/R/1980042/725325.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Islandsbanki hf. via Globenewswire

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