Lánamál ríkisins - Company Announcement

Results of additional issuance

Auction of Treasury bonds  RIKB 20 0205 Additional Issuance

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds,
the Government Debt Management offered the equivalent of 10% of the nominal
value sold in the auction 20 May, at the price of accepted bids. This time
Primary Dealers did exercise their right to purchase for 40,000,000 kr. in RIKB
20 0205. Total outstanding nominal value of RIKB 20 0205 after the auction is
now 49,156,000,000 kr. Settlement date is 25 May 2016.