Íslandsbanki hf. - Other information disclosed according to the rules of the Exchange

Correction: Islandsbanki hf.: Concludes commercial paper offering

This is a correction of the announcement from 17:14 05.09.2017 GMT. Reason for
the correction: The total amount sold in the 6-month series was ISK 1,040
million, instead of ISK 820 million. In total offers worth ISK 1,260 million
were accepted instead of ISK 1,040 million.
Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors.
Offers  totaling ISK  2,960 million were  received and  offers worth  ISK 1,260
million were accepted.

The  nominal amount  sold in  the 6-month  series was  1,040 million at a 4.56%
simple  rate. Total  offers received  amounted to  ISK 2,140 million at rates of
4.50% - 4.70%.

The nominal amount sold in the 12-month series was 220 million at a 4.69% simple
rate.  Total offers  received amounted  to ISK  820 million at  rates of 4.60% -
4.95%.

The  commercial papers are scheduled to be admitted to trading on Nasdaq Iceland
12 September.

For further information:

  * Investor Relations - Tinna Molphy, ir@islandsbanki.is and tel:
    +354 440 3187.
  * Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel:
    +354 440 4005.


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