Auction of Treasury Bills RIKV 09 0127 and RIKV 09 0320

On Friday, 19 December at 11:00 the Central Bank of Iceland will conduct a
competitive auction on two series of Treasury bills. 

The Central Bank reserves the right to accept all of the submitted bids, part
of them or reject all of them. Only primary dealers in Treasury securities are
authorised to submit bids in this auction. They also submit bids on behalf of
investors. The minimum amount of each bid is 1 m.kr. nominal value. 
 
The payment and settlement date is Tuesday, December 23, 2008.

For this auction, the Central Bank requests bids for the following series: 

Series	         Maturity date	 Time to maturity
RIKV 09 0127	  Jan. 27, 2009	  1 month
RIKV 09 0320	  Mar. 20, 2009	  3 months

The Treasury Bills above will be listed on NASDAQ OMX Nordic Exchange in
Iceland on 
Monday December 29th, 2008.  

Further information can be obtained from Bjorgvin Sighvatsson, International
and Market Department, Central Bank of Iceland, at +354 569 9633.