- Auction of Treasury Bills

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.