Results of additional issuance

Auction of Treasury bonds RIKB 16 1013 and RIKB 20 0205 Additional Issuance

| Source: Ríkissjóður Íslands - Lánamál ríkisins

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 09 May, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase additional issues.  Therefore the total amount of bonds issued in this auction in RIKB 16 1013 is 500 in nominal value and for RIKB 20 0205  is 1,400 Total nominal value of RIKB 16 1013 after the auction is now 69,023,000,000 kr. and total nominal value of RIKB 20 0205   is now 15,293,000,000 kr.  Settlement date is 14 May 2014.