Lánamál ríkisins - Company Announcement

Temporary exemption from primary dealers’ secondary market obligations

Government Debt Management has decided to grant primary dealers a temporary
exemption from their obligations in the secondary market. On 9 March, primary
dealers are authorised to submit bid and ask quotes in the NASDAQ trading
system with twice the maximum spread provided for in Article 3 of the current
agreement between primary dealers and the Central Bank of Iceland concerning
Treasury bond issuance and market making in the secondary market. This
temporary exemption will expire at 10:30 hrs. unless Government Debt Management
publishes an announcement to the contrary. 

Further information can be obtained from Björgvin Sighvatsson, Director of
Government Debt Management, at tel +354 569 9633.