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

Landsbankinn hf.: Correction - Covered bond offering results - News published: 2017-02-14 16:48:59 CET

Correction: Amount of accepted bids in the series LBANK CBI 28 corrected.

Today,  Landsbankinn concluded  a covered  bond auction  where four  series were
offered for sale.

In  total, 24 bids  were received  in the  auction for  the total  amount of ISK
3,320m.

A total of 2 bids for ISK 500m were received in the series LBANK CB 19 at 5.39%
yield.  All bids in the  series were accepted at  5.39% yield. Following the tap
issuance, the total amount issued in the series will be ISK 15,000m.

A  total of  9 bids for  ISK 1,320m were  received in  the series LBANK CB 21 at
5.43%-5.50% yield.  All  bids  in  the  series  were  accepted  at  5.50% yield.
Following  the tap issuance, the  total amount issued in  the series will be ISK
3,420m.

A  total of  7 bids for  ISK 980m were  received in  the series  LBANK CBI 22 at
3.29%-3.34% yield. Bids for the amount of ISK 380m were accepted at 3.30% yield.
Following  the tap issuance, the  total amount issued in  the series will be ISK
19.720m.

A  total of  6 bids for  ISK 520m were  received in  the series  LBANK CBI 28 at
3.03%-3.08% yield. Bids for the amount of ISK 480m were accepted at 3.07% yield.
Following  the tap issuance, the  total amount issued in  the series will be ISK
4.220m.

The  bonds are  scheduled to  be admitted  to trading  on Nasdaq  Iceland on 21
February  2017. 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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