Lánamál ríkisins - Company Announcement

Auction of Treasury bills RIKV 12 0416 & RIKV 12 0716

On Thursday, 12 January at 11:00 am, Government Debt Management will conduct an
auction of Treasury bills RIKV 12 0416 and RIKV 12 0716 which mature on 16
April and 16 July 2012. 

The GDM reserves the right to accept all of the submitted bids, part of them or
reject all of them. Only primary dealers in Treasury securities are authorised
to submit bids in this auction. They also submit bids on behalf of investors.
The minimum amount of each bid is 1 m.kr. nominal value. 

The auction will be structured as a single-price auction, which means that all
accepted bids will be sold to primary dealers at the same price. The lowest
accepted price (highest yield) will determine the selling price. In other
respects, reference is made to the Terms of Invitation to Tender, which
accompany this press release. 

The payment and settlement date is Monday, 16 January 2012.

Application to start trading in RIKV 12 0716 on Tuesday, 17 January 2012 will
be sent to the NASDAQ OMX in Iceland.

Attachments:

Aution_terms_RIKV_090112.pdf

News_RIKV_090112.pdf