Landsbankinn hf. - Company Announcement

Landsbankinn hf.: Bill auction results

Today  Landsbankinn hf. concluded a closed  auction of an existing series, LBANK
170110 and a new series, LBANK 170210.

Total offers for bills in the auction were for the amount of ISK 4,340m.

Offers  in the series LBANK 170110 for the amount of ISK 880m were accepted at a
simple  rate of  6.49% equal to  the price  of 97.3158 and  offers in the series
LBANK 170210 for the amount of ISK 920m were accepted at a simple rate of 6.50%
equal to the price of 96.7846.

Application  has been  made for  the bills  to be  admitted to trading on Nasdaq
Iceland on 10 August 2016.

Further  information  on  the  bills  is  available  on  Landsbankinn's website,
www.landsbankinn.com/bills.


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