Lánamál ríkisins - Company Announcement

Bond price for foreign exchange auction

According to an announcement published by the Central Bank of Iceland on 21
December 2012 regarding the Central Bank of Iceland foreign currency auction to
be held on 5 February 2013, 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
1 February 2013. 

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
111.629093 kr. per Treasury bond unit with accrued interest and indexation
(dirty price), assuming a settlement date of 8 February 2013 (yield 2.65%).1 

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



 1Clean price of 105.4.

Attachments:

Bond price_FX_auction_5Feb2013.pdf