Landsbankinn hf. - Other information disclosed according to the rules of the Exchange

Landsbankinn hf. : Acquisition by Landsbankinn hf. of own shares under its buy-back programme - end of third acquisition period

On  15 September 2016, Landsbankinn hf.  announced that the  Bank would offer to
purchase  shares from shareholders pursuant to a buy-back programme during three
specified  periods. The third acquisition period extended from 13 February 2017
up to and including 24 February 2017.

During   the  third  acquisition  period,  Landsbankinn  purchased  a  total  of
8,509,625 own  shares at a share  price of 10.6226, for the  total amount of ISK
90,394,085.

Neither  the CEO  of Landsbankinn  nor any  managing directors  of the Bank sold
shares during the third repurchase period.

Prior to the third acquisition period, Landsbankinn held 351,831,490 own shares.
Due  to enforcement of  pledges 119,524 own shares  were transferred to the Bank
during  the period.  At the conclusion of the third acquisition period, the Bank
holds  360,460,639 own shares, or the equivalent of 1.5% of issued share capital
in the Bank.

Landsbankinn  has acquired a total of  142,031,497 own shares under the buy-back
programme,  or  the  equivalent  of  0.6% of  issued  shares  in the Bank, for a
purchase price of ISK 1,481,500,289.

Implementation of the buy-back programme complies with Chapter VIII of the Act
on Public Limited Companies, No. 2/1995.


For further information contact:

Rúnar Pálmason, Public Relations, pr@landsbankinn.is, tel: +354  410 6263 /
899 3745

Hanna Kristín Thoroddsen, Investor Relations, ir@landsbankinn.is, tel:
+354  4107310


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