Landsbankinn hf. - Company Announcement

Landsbankinn hf. : Correction - CP auction results - News published 2017-01-04 17:03:26 CET

Correction: Price in series LBANK 170710 corrected

Today  Landsbankinn hf. concluded a closed  auction of an existing series, LBANK
170612 and new series, LBANK 170710 and LBANK 180110.

In  total, 45 bids  were received  in the  auction for  the total  amount of ISK
7,480m.

A  total of 17 bids for 2,860m were received in the series LBANK 170612 with bid
rates  at 5.25%-5.50%. Bids for 1,800m were accepted at a simple rate of 5.36%
equal to the price of 97.7727.

A  total of 19 bids for 2,680m were received in the series LBANK 170710 with bid
rates  at 5.19%-5.50%. Bids for 1.480m were accepted at a simple rate of 5.39%
equal to the price of 97.3615.

A  total of 9 bids for 1,940m were received  in the series LBANK 180110 with bid
rates at 5.51%-5.84%. No bids in the series were accepted.

Application  has been  made for  the bills  to be  admitted to trading on Nasdaq
Iceland on 10 January 2017.

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


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