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

CORRECTION: Islandsbanki hf.: Upcoming commercial paper auction 4 April

This is a correction of the announcement from 09:11 03.04.2017 GMT. Reason for
the correction: Payment and settlement date is 12 April 2017, instead of 11
April 2017 as previously announced.

Íslandsbanki hf. will be holding a private placement on commercial paper Tuesday
4 April 2017. The 12-month series ISLA 18 0410 will be offered to investors.

Íslandsbanki Capital Markets will manage the auction. Offers shall be submitted
by e-mail to vbm@isb.is before 16:00 p.m. on 4 April and the payment and
settlement date is 12 April 2017.

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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