Íslandsbanki hf. has today sold 6 month commercial paper. The total issuance in
the series cannot exceed ISK 1.5bn in nominal terms. Offers of ISK 500 million
were accepted at a simple rate of 5.25% (price: 97.4560).
Prior to the auction the total outstanding commercial paper amounted to ISK
4.42bn. Trading is expected to commence on 19 January 2015 on Nasdaq Iceland.
For further information:
* Investor Relations - Guðbjörg Birna Björnsdóttir, ir@islandsbanki.is and
tel: +354 440 4752.
* Media Relations - Guðný Helga Herbertsdóttir, pr@islandsbanki.is and tel:
+354 844 3678.
[HUG#1885755]