Lánamál ríkisins - Company Announcement

Auction of Treasury bills RIKV 15 0515 & RIKV 15 0817

On Thursday, 12 February at 11:00 a.m. Government Debt Management will conduct
an auction of Treasury bills RIKV 15 0515 and RIKV 15 0817 which mature on 15
May and 17 August 2015. 

The GDM reserves the right to accept all of the submitted bids, part of them or
reject all of them. Only primary dealers in Treasury securities are authorised
to submit bids in this auction. They also submit bids on behalf of investors.
The minimum amount of each bid is 1 m.kr. nominal value. 

The auction will be structured as a single-price auction, which means that all
accepted bids will be sold to primary dealers at the same price. The lowest
accepted price (highest yield) will determine the selling price. In other
respects, reference is made to the Terms of Invitation to Tender, which
accompany this press release. 

The payment and settlement date is Monday, 16 February 2015.

Application to start trading in RIKV 15 0515 and RIKV 15 0817 on Tuesday 17
February 2015 will be sent to the NASDAQ Iceland. 

For further information please contact Oddgeir Gunnarsson, Government Debt
Management, at +354 569 9635.

Attachments:

Auction_terms_RIKV_12.Feb15.pdf

News_RIKV_10.Feb15.pdf