Lánamál ríkisins - Company Announcement

Changes to Government Debt Management prospect 2009

To meet demand from market participants, who are building up short-term funds,
the arrangements for T-bill issuance will be modified slightly. Instead of
issuing three-month T-bills each month, the Treasury will now issue four-month
bills. 

Further information can be obtained from Björgvin Sighvatsson, International
and Market Operations Department, Central Bank of Iceland, at +354 569 9600.