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

Islandsbanki hf.: Concludes commercial paper offering

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors.
Offers totaling ISK 4,280 million were received and offers worth ISK 2,240
million were accepted.

The nominal amount sold in the 6-month series was 2,240m at a 4.30% simple rate.
Total offers received amounted to ISK 3,940 million at rates of 4.20% - 4.35%.

The  12-month series  received offers  amounting to  ISK 340 million at rates of
4.34% - 4.60%. All offers were declined at this time.

The  commercial papers are scheduled to be admitted to trading on Nasdaq Iceland
16 January.

For further information:

Investor   Relations -   Gunnar   S.   Magnússon,   ir@islandsbanki.is and  tel:
+354 440 4665.


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