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

Landsbankinn hf. : Covered bond offering results

Today,  Landsbankinn concluded  a covered  bond auction  where four  series were
offered for sale.

In  total, 20 bids  were received  in the  auction for  the total  amount of ISK
6,760m.

No bids were received in the series LBANK CB 21.

A total of 10 bids for ISK 1,080m were received in a new benchmark series, LBANK
CB 23 at 5.23%-5.45% yield. No bids were accepted in the series.

A  total of 3 bids  for ISK 2,220m were  received in the  series LBANK CBI 24 at
2.71%-2.73% yield.  Bids for  the amount  of ISK  2,020m were accepted at 2.72%
yield. Following the tap issuance, the total amount issued in the series will be
ISK 8,620m.

A  total of 7 bids  for ISK 3,460m were  received in the  series LBANK CBI 28 at
2.62%-2.69% yield.  Bids for  the amount  of ISK  1,180m were accepted at 2.67%
yield. Following the tap issuance, the total amount issued in the series will be
ISK 18,280m.

The  bonds are  scheduled to  be admitted  to trading  on Nasdaq  Iceland on 17
October  2017. Arion  banki,  Islandsbanki  and  Kvika  act as market makers for
covered bonds issued by Landsbankinn.

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


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