Islandsbanki hf.: Upcoming commercial paper auction

Íslandsbanki hf. will be holding a private placement on commercial paper
Tuesday 15thMarch 2016. The 4-month series ISLA 16 0721, the 5-month series
ISLA 16 0815 and the 6-month series ISLA 16 0915 will be offered to
investors. Trading is expected to commence on 21 March 2016 on Nasdaq
Iceland.

For further information:

* Investor Relations - Tinna Molphy, ir@islandsbanki.is and tel: +354 440
3187.
* Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel +354 440
4005.

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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

HUG#1993758