Íslandsbanki hf. - Company Announcement

Islandsbanki hf.: Upcoming covered bond and commercial paper auction Friday 8th April

Íslandsbanki hf. will be holding an auction on covered bonds and commercial
paper Friday 8(th) April 2016.  The CPI-linked covered bond ISLA CBI 22 will be
offered to investors along with 3 and 6-month series of commercial paper, ISLA
16 0721 and ISLA 16 1012. All issues are expected to be listed on Nasdaq Iceland
on 15(th) April.

Domestic issuance plans and dates may be found on the Bank's website:

Covered bonds:
https://www.islandsbanki.is/english/investor-relations/funding/covered-bonds/

Commercial paper:
https://www.islandsbanki.is/english/investor-relations/funding/unsecured-
bonds/upcoming-auctions/

For further information:

  * Investor Relations - Tinna Molphy, ir@islandsbanki.is and tel:
    +354 440 3187.
  * Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel
    +354 440 4005.


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