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

Islandsbanki hf.: Íslandsbanki completes commercial paper offering

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors.
Offers totaling ISK 4,240 million were received and offers worth ISK 940 million
were accepted.

The  nominal amount sold in the 6-month  series was 680m at a 5.24% simple rate.
Total offers received amounted to ISK 2,840 million at rates of 5.19% - 5.50%.

The  nominal amount sold in the 12-month series was 260m at a 5.49% simple rate.
Total offers received amounted to ISK 1,400 million at rates of 5.48% - 5.65%.

The  commercial papers are scheduled to be admitted to trading on Nasdaq Iceland
10 February.

For further information:

  * Investor Relations - Tinna Molphy, ir@islandsbanki.is and tel:
    +354 440 3187.
  * Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel:
    +354 440 4005.


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