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

Landsbankinn hf. : Covered bond offering results

Today,  Landsbankinn concluded  a covered  bond auction  where four  series were
offered for sale.

In  total, 13 bids  were received  in the  auction for  the total  amount of ISK
1,580m.

A  bid for ISK 40m was  received in the series  LBANK CB 19 at 5.05% yield which
was not accepted.

A  bid for ISK 60m was  received in the series  LBANK CB 21 at 5.05% yield which
was not accepted.

A  total of  5 bids for  ISK 940m were  received in  the series  LBANK CBI 24 at
2.92%-3.08% yield. Bids for the amount of ISK 840m were accepted at 2.96% yield.
Following  the tap issuance, the  total amount issued in  the series will be ISK
2,340m.

A  total of  6 bids for  ISK 540m were  received in  the series  LBANK CBI 28 at
2.69%-2.72% yield.  All  bids  were  accepted  at 2.72% yield. Following the tap
issuance, the total amount issued in the series will be ISK 7,460m.

The  bonds are scheduled to be admitted  to trading on Nasdaq Iceland on 22 June
2017. Arion banki, Islandsbanki and Kvika act as market makers for covered bonds
issued by Landsbankinn.

The  covered bonds are  issued in accordance  with a license  from the Financial
Supervisory  Authority (FME), with reference to act. no. 11/2008 and FME's rules
no.  528/2008. Further information on the bonds  and the cover pool is available
on Landsbankinn's website, www.landsbankinn.is/covered-bonds.


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