Wednesday June 13 at 14:00, the National Debt Management Agency (NDMA) will auction Treasury Notes in series RIKB 09 0612. This is a nominal issue with an annual coupon of 8,5% and a final maturity date on June 12, 2009. In this auction the amount offered will be in the range of ISK 2,500 to 5,000 million at nominal value. Only Primary Dealers in Government Securities can directly submit bids in this auction, but they also offer to submit bids on behalf of investors. The minimum amount of each bid is ISK 1 million nominal value. Settlement date is Friday June 15, 2007. In this auction the National Debt Management Agency (NDMA) will be offering series: Series: RIKB 08 0612 ISIN: IS0000014900 Final maturity date: June 12, 2009 Outstanding nominal in m.kr.: ISK 0 Time to Maturity: Currently 2.0 years After the results of the competitive auction are available, the NDMA will offer the equivalent of 10% of the nominal amount sold in a non-competitive auction until 14:00 hrs June 15, 2007. Only Primary Dealers will have the option to purchase an amount equal to their market share in the competitive auction at the weighted average yield of the current competitive auction. Settlement date is one day after business day (T+1). For further information please contact Jon Sigurdur Thorarinsson, tel +354 540 7500. National Debt Management Agency, Iceland