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Islandsbanki hf. : Íslandsbanki sells commercial paper

Íslandsbanki hf. has today offered 4, 5 and 6 month commercial paper to
investors. Offers of ISK 2.52bn were accepted but the total appetite amounted
to ISK 3.76bn.

Nominal amount sold in series ISLA 16 0616 was ISK 1,420m at the simple rate
of 6.45% (price 97.8095). Nominal amount sold in series ISLA 16 0721 was ISK
320m at the simple rate of 6.49% (price 97.1964) and the nominal amount sold
in series ISLA 16 0815 was ISK 780m at the simple rate of 6.50% (price

Prior to the auction the total outstanding commercial paper amounted to ISK
11.6bn. Trading is expected to commence on 12 February 2016 on Nasdaq Iceland
when ISK 1.5bn of ISLA 16 0212 is on maturity.

For further information:

* Investor Relations - Tinna Molphy, ir@islandsbanki.is and tel: +354 440
* Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel: +354
440 4005.


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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