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

Islandsbanki hf.: Upcoming commercial paper auction 2 February

Íslandsbanki hf. will be holding a private placement on commercial paper
Thursday 2 February 2017. The 6-month series ISLA 17 0808 and the 12-month
series ISLA 18 0213 will be offered to investors. The issues are expected to be
listed on Nasdaq Iceland on 10 February.

Íslandsbanki Capital Markets will manage the auction. For further information,
please call +354 440 4490 or email vbm@isb.is.

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.


[]