New Bond Issue (KOP 10 1) admitted to trading 9 December 2010

Issuer: 
Kópavogsbær
ID.No.: 700169-3759
Fannborg 2, 200 Kópavogur

Date of admission to trading:
09.12.2010

Symbol:
KOP 10 1

ISIN-code:
IS0000020295

Orderbook ID:
79265

Bond type:
Annuitet

Market:
OMX ICE CP Fixed Income

Size limit:
No size limit

Amount admitted to trading 
at this time:
4,490,000,000 ISK

Total amount previously
admitted to trading:
0

Denomination:
10,000,000 ISK

Issue date:
22 November 2010

First due date:
1 March 2011

Number of due dates:
100

Maturity date:
1 December 2035

Interest calculated from:
22 November 2010

First interest payment date: 
1 March 2011

Number of interest payments:
100

Interest:
Fixed 4.9%

Indexed:
Yes

Name of index:
Consumer Price Index

Base index value:
362.6

Dirty price / Clean price:
Clean price

Day count convention:
30/360

Call option:
N/A

Put option:
N/A

Convertible:
N/A

Market making:
N/A

Credit Rating (rating agency, date):
B; Reitun ehf., 15 October 2010

Securities depository:
Icelandic Secutires Depsitory

Issued electronically:
Yes

Comments:
Reference is made to the Issue Description for detailed information in regards
to Special Conditions Clause and Acceleration Clause. 

Coordinator - admission to trading:
NBI hf.