Íslandsbanki hf. - Company Announcement

Islandsbanki hf.: Upcoming covered bond and commercial paper auction 8th June

Íslandsbanki hf. will be holding an auction on covered bonds and commercial
paper Wednesday 8(th) June 2016.  The CPI-linked covered bond ISLA CBI 26 will
be offered to investors along with 3 and 6-month series of commercial paper,
ISLA 16 0915 and ISLA 16 1215. All issues are expected to be listed on Nasdaq
Iceland on 16(th) June.

Domestic issuance plans and dates may be found on the Bank's website:

Covered bonds: https://www.islandsbanki.is/english/investor-
relations/funding/covered-bonds/

Commercial paper: https://www.islandsbanki.is/english/investor-
relations/funding/unsecured-bonds/upcoming-auctions/

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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