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Islandsbanki hf.: Íslandsbanki sells commercial paper

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to
investors. Offers totaling ISK 5,160 million were received and offers worth
ISK 1,240 million were accepted.

The nominal amount sold in the 6-month series was 840m at 5.65% simple rate.

The nominal amount sold in the 12-month series was 400m at 5.93% simple rate.

The commercial papers are scheduled to be admitted to trading on Nasdaq
Iceland 24 November.

For further information:
* Investor Relations - Tinna Molphy, and tel: +354 440
* Public Relations - Edda Hermannsdóttir, and tel: +354
440 4005.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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