2014-05-12 18:01:00 CEST

2014-05-12 18:01:01 CEST


REGULATED INFORMATION

English Islandic
Lánamál ríkisins - Company Announcement

Bond price for foreign exchange auction


According to an announcement published by the Central Bank of Iceland on 31
March 2014 regarding the Central Bank of Iceland foreign currency auction to be
held on 14 May 2014, the Terms of Auction stated that the swap rate for the
Bank's purchase of foreign currency in connection with the sale of Treasury
bonds in the series RIKS 33 0321 would be published at the close of business on
12 May 2014. 

It has been decided that the number of Treasury bond units per euro shall be
based on the auction price and the fixed price of the Treasury bonds, which is
111.346340 kr. per Treasury bond unit with accrued interest and indexation
(dirty price), assuming a settlement date of 16 May 2014 (yield 2.81%) 1 

The formula is as follows: Swap rate = auction price/(bond price/100).



 1 Clean price of 102,75