Lánamál ríkisins - Company Announcement

Government Debt Management measures concurrent with the Central Bank of Iceland foreign currency auction on 20 June 2012

According to the announcement from Government Debt Management, dated 28 March
2011, purchasers of foreign currency in upcoming Central Bank of Iceland
auctions may sell their Treasury bills and bonds maturing before year-end 2013
in order to finance the purchases. 

The foreign exchange transactions will take place through the intermediation of
market makers in the foreign exchange market: Arion Bank, Íslandsbanki, and
Landsbankinn. The Central Bank of Iceland has announced that the next foreign
currency auction will be held on 20 June. 

Parties that have submitted accepted offers in the Central Bank's foreign
currency auction have the option of selling their Treasury securities to
Government Debt Management on the following terms, with settlement taking place
on 22 June 2012. The asking price for the Treasury securities will be announced
after 16:00 hrs. on 14 June 2012. 

Series      
------------
RIKV 12 0716
------------
RIKV 12 0815
------------
RIKV 12 0917
------------
RIKV 12 1015
------------
RIKV 12 1115
------------
RIKV 12 1217
------------
RIKB 12 0824
------------
RIKB 13 0517
------------



Market makers intending to act as intermediaries for foreign exchange
transactions involving the above-specified Treasury bonds must so inform
Government Debt Management no later than 09:00 hrs. on 21 June. The Treasury
bonds must be delivered to Government Debt Management no later than 11:00 hrs.
on 22 June. Payments will take place following delivery of the bonds, and no
later than at 16:00 hrs. that same day. 

Further information can be obtained from Björgvin Sighvatsson, Government Debt
Management, at tel. +354 569 9633.

Attachments:

Foreign currency auction_sellingTreasury securities.pdf