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Íslandsbanki sells commercial paper

Íslandsbanki hf. has today sold 6 month commercial paper. The total issuance in the series cannot exceed ISK 1.5bn in nominal terms. The auction was structured so that bidders submitted bids at predetermined rate (price), at a simple rate of 5.95% (price: 97.0642).

Bids for ISK 840,000,000 were accepted. Prior to the auction the total outstanding commercial paper amounted to ISK 7.88bn.

The commercial paper was sold to a broad group of investors. Trading is expected to commence on 15. April 2014 on the Nasdaq OMX Iceland.

For further information:

Investor Relations - Tinna Molphy, tinna.molphy@islandsbanki.is and tel: +354 440 3187.

Media Relations - Dögg Hjaltalín, dogg.hjaltalin@islandsbanki.is and tel: +354 440 3925.

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