Landsbankinn hf. - Company Announcement

Landsbankinn hf. : Bill auction results

Today  Landsbankinn hf. concluded a closed  auction of an existing series, LBANK
161110 and a new series, LBANK 161212.

Total offers for bills in the auction were for the amount of ISK 3,700m.

Offers  in the series LBANK 161110 for the amount of ISK 1.420m were accepted at
a  simple rate of 6.45% equal  to the price of  97.3319 and offers in the series
LBANK  161212 for the  amount of  ISK 1.740m were  accepted at  a simple rate of
6.54% equal to the price of 96.7484.

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

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


[HUG#2018017]