Thursday, June 28th at 11:00, the National Debt Management Agency (NDMA) will auction Treasury Bills. In this auction the amount offered will be in the range of ISK 2,500 to 5,000 million nominal value. Only Primary Dealers in Government Securities can directly submit bids in the 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 Monday July 2nd, 2007. The following series will be auctioned: Series: Maturity Date: Time to maturity: RIKV 07 1001 October 1st, 2007 3 months The Treasury Bill above will be listed on Iceland Stock Exchange on Monday July 2nd, 2007, and Market Making will commence on the same day. For further information please contact Jon Sigurdur Thorarinsson, tel. +354 540 7500.