Landsbankinn hf. - Company Announcement

Landsbankinn hf. taps issuance of covered bonds

Today Landsbankinn concluded the sale of inflation linked covered bonds, a tap
into the the series LBANK CBI 22, listed on Nasdaq Iceland. The tap issuance is
for the amount of ISK 3,000m at a yield of 3,30%. Landsbankinn has previously
issued ISK 1,760m in the same series and the total amount of the issuance will
be ISK 4,760m after this tap issuance. 

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 26 June
2015 with Straumur Investment Bank acting as market maker. 

The covered bonds are issued in accordance with a license from the Financial
Supervisory Authority (FME), with reference to Act No. 11/2008 and Rules No.
528/2008. Further information on the bonds and the cover pool is available on
Landsbankinn's website, www.landsbankinn.is/covered-bonds. 



Further information:

Kolbrún Guðlaugsdóttir, ir@landsbankinn.is 410 4014 eða 862 3679