Íslandsbanki hf. - Company Announcement

Islandsbanki hf.: Upcoming commercial paper auction

Íslandsbanki hf. will be holding a private placement on commercial paper Tuesday
15(th) March 2016.  The 4-month series ISLA 16 0721, the 5-month series ISLA
16 0815 and the 6-month series ISLA 16 0915 will be offered to investors.
Trading is expected to commence on 21 March 2016 on Nasdaq Iceland.

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.


[HUG#1993758]