Auction of Treasury bills RIKV 10 0715

On Thursday, 11 March at 11:00 the Government Debt Management will conduct an
auction on the series of Treasury bills RIKV 10 0715 which matures on July 15,
2010. 

The GDM 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 auction will be structured as a single-price auction, which means that all
accepted bids will be sold to primary dealers at the same price. The lowest
accepted price (highest yield) will determine the selling price. In other
respects, reference is made to the Terms of Invitation to Tender, which
accompany this press release. 
 
The payment and settlement date is Monday, March 15, 2010.

The Treasury bills above will be listed on the NASDAQ OMX Nordic Exchange in
Iceland on 
Tuesday, March 16, 2010.  

Further information can be obtained from Oddgeir Gunnarsson, Government Debt
Management, at +354 569 9633.