Landsbankinn hf. - Company Announcement

Landsbankinn hf.: Landsbankinn lists EMTN programme on Irish stock exchange

Today, Landsbankinn's base prospectus for the issue of foreign currency notes
has been approved by the Dublin Stock Exchange in Ireland. This is a Euro
Medium Term Note programme that allows Landsbankinn to issue notes in the
equivalent amount of up to EUR 1 billion in various currencies and at fixed or
floating rates. 

Deutsche Bank served as arranger of the EMTN programme and the following banks
are listed as dealers in the notes. 

  -- BofA Merrill Lynch
  -- Citigroup
  -- Deutsche Bank
  -- J.P. Morgan
  -- Morgan Stanley
  -- UBS Investment Bank

Steinthór Pálsson, CEO of Landsbankinn:"Access to secure foreign credit is and has been one of Landsbankinn's main
objectives. Solid operations and a sound balance sheet are the main
prerequisites of such access and Landsbankinn has accomplished a great deal in
these matters in recent years. In January of this year, Landsbankinn was issued
a rating grade by an international rating agency and in May, the bank concluded
an agreement with the Winding-up Board of LBI hf., on amendments to the terms
of bonds initially agreed upon in December 2009 [this agreement is made
conditional on behalf of the WuB upon LBI hf. receiving certain exemptions from
the Foreign Exchange Act]. By listing a note programme on a foreign stock
exchange, Landsbankinn takes one more step on its journey towards securing
access to international credit markets and is ready to issue foreign currency
notes, should favourable terms become available."

A description of the note programme dated 27 August 2014 is avaiable on
Landsbankinn's website, www.landsbankinn.com/emtn 

Information on the financing of Landsbankinn is available on the bank's
website, www.landsbankinn.com/funding 



For further information:

Kristján Kristjánsson, pr@landsbankinn.is, tel: +354 410  4011

Kolbrun Gudlaugsdottir, ir@landsbankinn.is, tel: +354 410  4014