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, 22 bids  were received  in the  auction for  the total  amount of ISK
3,580m.

A  total  of  3 bids  for  ISK  420m were  received in the series LBANK CB 23 at
5.37%-5.39% yield. No bids were accepted in the series.

A  total of 12 bids for  ISK 1,860m were received in  the series LBANK CBI 24 at
2.49%-2.58% yield.  Bids for  the amount  of ISK  1,620m were accepted at 2.57%
yield. Following the tap issuance, the total amount issued in the series will be
ISK 11,220m.

A  total of 7 bids  for ISK 1,300m were  received in the  series LBANK CBI 28 at
2.49%-2.51% yield.  Bids for  the amount  of ISK  1,200m were accepted at 2.50%
yield. Following the tap issuance, the total amount issued in the series will be
ISK 21,160m.

The  bonds are  scheduled to  be admitted  to trading  on Nasdaq  Iceland on 23
January  2018. 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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