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

Islandsbanki hf.: Íslandsbanki completes commercial paper offering

Íslandsbanki  hf.  has  today  offered  12 month  commercial paper to investors.
Offers totaling ISK 1,600 million were received and offers worth ISK 420 million
were accepted.

The  nominal amount sold in the 12-month series was 420m at a 5.41% simple rate.
Total offers received amounted to ISK 1,600 million at rates of 5.34% - 5.55%.

The  commercial papers are scheduled to be admitted to trading on Nasdaq Iceland
12 April.

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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