Lánamál ríkisins - Company Announcement

GDM measures concurrent with the Central Bank of Iceland foreign currency auctionon on 28 March 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 28 March. 

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 2 April 2012. The asking price for the Treasury securities will be announced
after 16:00 hrs. on 22 March 2012. 

Series 
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RIKV 12 0416
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RIKV 12 0515
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RIKV 12 0615
------------
RIKV 12 0716
------------
RIKV 12 0815
------------
RIKV 12 0917
------------
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 29 March. The Treasury
bonds must be delivered to Government Debt Management no later than 11:00 hrs.
on 30 March. Payments will take place following delivery of the bonds, and no
later than at 16:00 hrs. that same day.

Attachments:

03-Foreign currency auctionMarch28.pdf